Issue - meetings

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.

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.

The Cabinet Leader considered a report that set 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 application was in accordance with the Asset Management Policy on lifting restrictive covenant on Clifton Moor and a capital receipt had been agreed in accordance with the policy.

Consideration was given to the options detailed in paragraphs 8 to 10 of the report.  The Cabinet Leader stated that he had not received any representation against the recommendations contained in the report and he agreed that the restrictive covenant should be lifted.

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.