Agenda item

Report of the Director of Economic Growth and Neighbourhood Services

The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Director of Economic Growth and Neighbourhood Services (previously circulated) seeking approval to the sale of approximately 2.525 acres of land at Faverdale East Business Park, Darlington, as shown hatched on the plan appended to the submitted report, subject to the grant of planning permission for development.

The submitted report stated that the Council owned land at Faverdale East Business Park which was available for inward investment/industrial development; a number of plots had already been sold; and that an enquiry had been received to purchase a plot of land.

RESOLVED – (a)  That the leasehold sale of 2.525 acres of land at Faverdale East Business Park, as shown on the plan appended to the submitted report, be approved on the terms as set out in Appendix B Part III of the submitted report.

(b)  That the Assistant Director for Law and Governance be authorised to document the sale of the property accordingly.

REASONS – (a)  To achieve a capital receipt for the Council.

(b)  To assist business development and job creation in Darlington.