Decision - Grant of Development Option at Land at Corner of New England Street and New England Road

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Decision details

Grant of Development Option at Land at Corner of New England Street and New England Road

Decision Maker: Policy & Resources Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Proposal to grant a Development Option Agreement to QED Estates

Decision:

RESOLVED: That the council be authorised to enter a Development Option Agreement with QED with a long stop date of 31st August 2024 (co-terminus with an existing lease on the site coloured orange). The signing of this Development Agreement being subject to a business case within six months, being presented to this Committee for approval to proceed through the planning phase. At this stage, delegated authority for the Executive Director of Economy, Environment and Culture will be sought to finalise detailed terms to grant 250-year leases of up to three sites at Market Value, subject to achieving satisfactory planning consent.

Report author: Stephen Gwilliam

Publication date: 08/10/2020

Date of decision: 08/10/2020

Decided at meeting: 08/10/2020 - Policy & Resources Committee

Accompanying Documents:

 


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