Issue - meetings

This report sets out a proposal to sell land to Network Rail for a capital receipt and also purchase a site to the east of the former carriageworks on Holgate Road.  The proposal is to rationalise Network Rail operational rail facilities onto the site freeing up land for development on the York Central site and also to ensure City of York Council retains a strategic land holding for a key access route into the York Central site.

Resolved:           That Cabinet approve the sale of Site A and purchase of Site C, as shown at Annex A of the report for the capital receipt as set out in Confidential Annex B.

Reason:              To support corporate priorities with respect to jobs and economic growth, to enable the York Central project to progress and to provide capital receipts to fund the Council’s capital programme.

Members considered a report which set out proposals to sell land to Network Rail for a substantial capital receipt and purchase a site to the east of the former carriage works on Holgate Road. The proposals would rationalise Network Rail operational rail facilities on the 5 acre site and free up land for development on the York Central site, whilst retaining a strategic landholding for the Council to provide a key access route to the site. A site plan was attached to the report at Annex A and details of the proposed capital receipt at confidential Annex B.

As a complimentary report to the earlier Get York Building Phase 3 report it was noted that the land transaction would allow access to the York Central site and be advantageous to the Council, following an increase in land value since purchase.  It was also noted that a masterplan and supplementary planning guidance, to support the approach, would be produced in the next few months.

Consideration was given to two options either to proceed with the proposed sale and purchase or not to proceed with the proposal and to retain the freehold of Sites A and B.

Cabinet Members made reference to the importance of this report to accelerate development of the York Central site and confirmed that the suggestion of cross party working by Cllr Steward earlier in the meeting would be taken up.

Resolved:           That Cabinet approve the sale of Site A and purchase of Site C, as shown at Annex A of the report for the capital receipt as set out in Confidential Annex B. ^1.

Reason:              To support corporate priorities with respect to jobs and economic growth, to enable the York Central project to progress and to provide capital receipts to fund the Council’s capital programme.