Land Sale - Diamond Avenue, Kirkby in Ashfield (Exempt by virtue of Paragraphs 3 and 5)
Key Decision
Councillor Rachel Madden – Executive Lead Member for Finance, Revenues and Benefits
Minutes:
Cabinet was requested to approve the sale of land at Diamond Avenue on the terms set out in the report.
Members considered the alternative option of agreeing not to sell the site, but this would prevent the site from being developed and would not result in a capital receipt for the Council.
RESOLVED that
a) the sale of the Diamond Avenue site, as outlined in the report, be approved;
b) the main Terms as set out in the report be approved and delegated authority be granted to the Service Manager for Commercial Development to continue negotiations and finalise the transaction based on these Terms;
c) the Executive Director for Governance be authorised to complete the legal transaction.
Reason:
To enable the Diamond Avenue site to be sold for residential development.