Development at the edge of Talacre Park, overhanging Prince of Wales Road 

• I WAS born and bred in Camden and used the facilities at Talacre for many years including later with my young children, so this article really hits home, (Mission to uncover missing millions, July 9).

If even half of what is said in John Gulliver’s story is correct, we are looking at a major scandal so let’s hope Camden’s leader, Cllr Georgia Gould, will confirm or otherwise the facts and tell us what Camden is doing to remedy the situation.

Because either there has been massive incompetence or something else.

Let her answer these questions:

– Was 5,186 sq metres (1.3 acres) of land next to Kentish Town West station, really sold for just £651,000 with half paid at the time and the other half withheld in exchange for an “overage” agreement which meant sharing with Camden any profits from the sale of private flats over a defined amount?

– Was the conditional land sale agreement which can be found in the Land Registry an enforceable agreement which contains the overage agreement and other conditions?

– Was that £651,000 based upon an estimated value of the sales of private flats to be £8,197,629 as shown in the development appraisal in the sale agreement?

– Were the private flats sold less than seven years later for £20,737,590?

– Did the agreement allow for the flats to be occupied before the overage was paid and if so, why was there not such an obvious requirement?

– If there is overage owed, why has it not been collected?

It must be owed by the present owner of the property, a company in the British Virgin Islands. It owns the freehold to the leased private flats and the medical centre.

If you or I owned such an asset and owed millions of pounds we would expect to be sued if we failed to pay and risk having the asset foreclosed.

I cannot comprehend why Camden would not pursue much needed funds. What is stopping Camden?

EMILY HARPER
Hampden Road, N10