Planning permission's been granted for the Knowle
East Devon District Council are expecting a cheque for £9m to arrive in their bank account on Tuesday.
The £9,019,605 would be from Lifestory Group Limited (formerly known as Pegasus Life Ltd), for their purchase of the former council HQ at the Knowle in Sidmouth
Planning permission has been granted to convert the former council HQ into a 113-apartment assisted living community, and an initial deadline for the sale to be completed was Wednesday, December 18.
That date was missed and East Devon District Council started legal proceedings to secure the agreed and contracted £9m payment, together with damages and any additional costs.
Speaking at Wednesday night’s cabinet meeting, Simon Davey, Strategic Lead for Finance, told councillors that Pegasus Life have told the council the completion and payment will take place on January 14.
He said: “We are still maintaining our legal position but have been told that the balance and payment will come into the account on January 14.”
Girl missing from Newton Abbot
Bomb squad investigates suspicious car in Cranbrook
Exmouth sewage pipe fixed
Ancient tree fossil unearthed in Devon
Women punched and glassed in street attack
Backing for Exeter ‘school streets’ safety projects
