Decision details

Release of Legal Charge - Salutation Road

Decision Maker: Director of Economic Growth and Neighbourhood Services

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To agree to the early release of Legal Charge and receipt of overage payment relating to Salutation Road residential development.

Decision:

To agree the release of the Legal Charge and accept receipt of the overage payments due to date, with remaining plot payments (if any) to be paid on completion of last plot.
To enable the Legal Charge to be released and expedite early completion of house sales.

Alternative options considered:

To decline the request, but this likely to slow down the sale of the remaining plots and reduce the amount of potential overage.


Publication date: 19/08/2019

Date of decision: 26/07/2019