Decision details

Pioneer Business Park - Application to remove restrictive covenant

Decision Maker: Decision Session- Executive Member for Finance and Performance

Decision status: Decision Made

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Purpose of Report: This report sets out details of 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 the capital sum detailed in the confidential annex.

 

This decision will be taken at a public Cabinet Member Decision Session on 19 February 2015.

 

Decision:

Resolved:  That the request to remove the restrictive covenant in return for the capital sum detailed in the exempt annex C be agreed.

 

Reason:     To enable the provision of apartments at reasonable cost in an area of surplus office accommodation.

Report author: Philip Callow

Publication date: 19/02/2015

Date of decision: 19/02/2015

Decided at meeting: 19/02/2015 - Decision Session- Executive Member for Finance and Performance

Effective from: 24/02/2015

Accompanying Documents:

 

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