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:
- Grant of Development Option at Land at Corner of New England Street and New England Road PDF 272 KB View as HTML (1) 58 KB
- Grant of Development Option at Land at Corner of New England Street and New England Road APX. n 1 PDF 697 KB
- Item 74 ConGrp 01 amendment - Grant of Development Option PDF 97 KB View as HTML (3) 10 KB