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