Issue - meetings

This report sets out details of three applications to lift the restrictive covenants of office sites on Clifton Moor to allow low-cost residential development.  The applications are in accordance with the Asset Management Policy on lifting restrictive covenants on Clifton Moor and capital receipts have been agreed in accordance with the policy.

Resolved:  That the request to restrictive covenants on the following be approved:

·        Units 4 and 9, Marsden Park, James Nicholson Link for a capital sum of £9,200 for each application

·        Buildmark House, George Cayley Drive for a capital sum of £45,000.

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

The Executive Member considered a report which set out details of three applications to lift the restrictive covenants of office sites on Clifton Moor to allow low-cost residential development.  The applications were in accordance with the Asset Management Policy on lifting restrictive covenants on Clifton Moor and capital receipts had been agreed in accordance with the policy.

The Executive Member stated that he was pleased to approve the lifting of the restrictive covenants as detailed in the report.

Resolved:  That the request to restrictive covenants on the following be approved¹:

·        Units 4 and 9, Marsden Park, James Nicholson Link for a capital sum of £9,200 for each application

·        Buildmark House, George Cayley Drive for a capital sum of £45,000.

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