Decision details
Pioneer Business Park – Application to remove restrictive covenant
Decision Maker: Executive Member for Finance & Performance
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Purpose of Report: To consider an application
to lift the restrictive covenant of an office site on the Pioneer
Business Park for low-cost residential development.
The Cabinet Member is asked to agree to the request to remove the
restrictive covenant in return for a capital sum.
This decision may need to be taken urgently in order to allow the developer to proceed with the conversion work at an early date.
This decision will be taken by the Cabinet Member at a public decision session on 18th September 2014.
Decision:
Resolved: That the request to remove the restrictive covenant on an office site on the Pioneer Business Park for low-cost residential development be agreed in return for the capital sum detailed in annex C of the report.
Reason: To enable the provision of apartments at reasonable cost in an area of surplus office accommodation.
Publication date: 18/09/2014
Date of decision: 18/09/2014
Effective from: 23/09/2014