Ref NoLDC/FD/5/2
TitlePapers relating to the Wind-Up of the Corporation
Date1991-1997
TermEndowment funds
Related MaterialThe commercial reasoning behind the endowment packages can be found in Commercial Directorate's work in LDC/CD/11
AdminHistoryBy 1989 a date of 1995 had been set for the commencement of the dissolution Livingston Development Corporation, with a projected timetable of 3 years. This was, however, superseded by the re-organisation of local government and the Windup Order was brought forward so that Livingston Development Corporation would dissolve on 31 March, 1997, at the same time as the creation of a new unitary local authority, West Lothian Council.

The Corporation had, where possible, retained ownership of land in Livingston, so that it could control development. As a result, with the dissolution of the Corporation, a wide variety of commercial and land assets had to be disposed. In some cases they were endowed to the newly formed Council, in others the assets were sold and the capital receipts used to offset the loans that had funded the Corporation's activities in the preceding thirty-four years.

As well as attending to contracts of sale and administration processes, the Legal and Administration section also drew up the terms and conditions of the Endowment packages for the newly formed West Lothian Council.
AccessStatusOpen
Extent25 files
ScopeandContent25 files comprising:

1-3. Minutes of agreements between LDC and housing associations (Scottish Homes, West Lothian Council and Almond Housing Association)

4-8. Files detailing endowment package and transfer of assets to West Lothian Counci, 1996.

9. Copy of the transfer order whereby the Scottish Office ordered LDC to transfer assets to West Lothian council (includes transfer orders for other New town Corporations)

10. File detailing endowment of Bellsquarry Wood to Woodlands Trust, 1992-1995.

11-25. Working files relating to legal aspects of disposal of Corporation housing and environmental assets, 1995-1997.
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