Decision details

Land at Commercial Street – Termination of Development Agreement

Decision Maker: Director of Economic Growth and Neighbourhood Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

In October 2017, Cabinet agreed a request to terminate the Commercial Street Development Agreement and to funds being released from the Economic Growth Capital Investment Fund to retain the beneficiary interest in a parcel of land within the Commercial Street car parks (known as the Zissler strip). Min C63/Oct/17 refers.

Decision:

To terminate the Commercial Street Development Agreement and release funds from the Economic Growth Capital Investment Fund to retain the beneficiary interest in the parcel of land known as the Zissler Strip within the Commercial Street car park.

Reason - To enable the Council to regain control of the site and be in a position to consider future development opportunities.

Alternative options considered:

None.

Publication date: 23/03/2021

Date of decision: 15/12/2017