Agenda item

Delivery of New Homes at Stag House Farm - Joint Venture Proposal and Land Disposal (Exclusion Resolution No. 3).

Minutes:

The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director and the Director of Economic Growth and Neighbourhood Services (previously circulated) advising Members of the proposed changes to the disposal terms of Stag House Farm and seeking approval from Members to proceed with the disposal.

RESOLVED – (a)  That the changes to the sale terms, as detailed in the submitted report, be noted.

 

(b)  That the disposals, on the revised terms as outlined in the submitted report, be agreed, and the Director of Economic Growth and Neighbourhood Services be granted Delegated Authority in consultation with the Portfolio holders to finalise negotiations in line with the terms reported.

REASONS – (a)  To deliver a Capital Receipt and income for the Council.

 

(b)  To assist in the delivery of the Economic Strategy by accelerating the building of new homes. ?????

 

 

Supporting documents: