Issue - meetings

Meeting: 25/01/2022 - Cabinet (Item 49)

49 Land at Diamond Avenue - to Declare Surplus and Offer for Sale pdf icon PDF 229 KB

Key Decision

 

Portfolio Holder

Councillor Jason Zadrozny – Leader of the Council

 

 

Additional documents:

Decision:

RESOLVED that

a)    the site be declared surplus to the requirements of the Council;

 

b)    the site be offered for sale for residential development using an external property agent;

 

c)    delegated authority be granted to the Director of Resources and Business Transformation, in conjunction with the Leader of the Council, for the agreement of the terms of the sale;

 

d)    delegated authority be granted to the Service Manager for Commercial Development to finalise the detail of the transaction with the Director of Legal and Governance;

 

Minutes:

Cabinet was requested to consider the report seeking to declare the former allotment site on Diamond Avenue as surplus to the Council’s requirements and to offer it for sale for residential development.

 

Members considered the alternative option of retaining the site but this was not recommended as it would not generate a capital receipt or facilitate residential development.

 

RESOLVED that

a)    the site be declared surplus to the requirements of the Council;

 

b)    the site be offered for sale for residential development using an external property agent;

 

c)    delegated authority be granted to the Director of Resources and Business Transformation, in conjunction with the Leader of the Council, for the agreement of the terms of the sale;

 

d)    delegated authority be granted to the Service Manager for Commercial Development to finalise the detail of the transaction with the Director of Legal and Governance;

 

Reason:

Selling the land will provide the Council with a significant General Fund capital receipt and enable residential dwellings to be constructed on the site.