Issue - meetings

Report of the Leader of the Council recommending the appointment of a preferred development partner, attached.

DECISION MADE: (Ref: CAB 14/15 13380)

On consideration of the report of the Leader, Cabinet agreed the following:

(i)  To approve the sale of the site to the recommended bidder, Developer A, as set out in confidential Appendix 2 and to delegate authority to the Head of Development, Economy and Housing Renewal to negotiate the final terms and conditions, and;

(ii)  In the event that Developer A withdraws or does not complete a Development Agreement with the Council within an agreed timescale to approve the sale of the site to the reserve bidder, Developer B, set out in confidential Appendix 3, provided that the Head of Development, Economy and Housing Renewal, in consultation with the relevant Cabinet Member, considers this to be in the Council’s best interests; and to delegate authority to the Head of Development, Economy and Housing Renewal to negotiate the final terms and conditions.

(iii)  To authorise the Head of Legal and Democratic Services and the Head of Property Services to make all necessary arrangements to make the site available for sale and to enter into the required legal documentation.

(iv)  To authorise the Director of Place to take any further action necessary to give effect to the decision of Executive in relation to this matter.