Issue - meetings
Aviator Court, Units A and E - Application to remove restrictive covenant
Meeting: 20/10/2015 - Decision Session- Executive Member for Finance and Performance (Item 14)
14 Aviator Court, Units A and E - Application to remove restrictive covenant 
PDF 156 KB
This report sets out details of an application to lift the restrictive covenant of an office site on Aviator Court at Clifton Moor for low-cost residential development.
Additional documents:
- Annex A - Asset Management Policy on lifting restrictive covenants at Clifton Moor, item 14
PDF 146 KB
- Annex B - Site Map, item 14
PDF 437 KB
Decision:
Resolved: That the request to remove the restrictive covenant in return for the capital sum of £75,000 be approved.
Reason: To enable the provision of apartments at reasonable cost in an area of surplus office accommodation.
Minutes:
The Executive Leader considered a report which detailed an application to lift the restrictive covenant of an office site on Aviator Court at Clifton Moor for low-cost residential development. The application was in accordance with the Asset Management Policy on lifting restrictive covenants on Clifton Moor and a capital receipt had been agreed in accordance with the policy.
The Executive Leader noted the options detailed in paragraphs 8 and 9 of the report.
Resolved: That the request to remove the restrictive covenant in return for the capital sum of £75,000 be approved.
Reason: To enable the provision of apartments at reasonable cost in an area of surplus office accommodation.