Issue - meetings

This report sets out details of an application received by the owners of 3-4 Patrick Pool, to vary a restrictive covenant on a currently vacant retail property in the city centre.

Resolved:  That the requested variation to the restrictive covenant at 3-4 Patrick Pool so that the property can be used as a public house, as detailed in the report, be approved in exchange for a one-off consideration of £25,000.

Reason:     To provide the Council with a one-off consideration in exchange for agreeing to a variation of the covenant.

The Executive Leader considered a report which set out details of an application received by the owners of 3-4 Patrick Pool, to vary a restrictive covenant on a currently vacant retail property in the city centre.  The property was previously owned by the Council but had been sold by the Council in 2007. On sale the Council had imposed a restrictive covenant prohibiting use of the property as a sex shop or public house.  The owners of the property had requested that the Council vary the covenant so that the property could be used as a public house.

Officers drew the Executive Leader’s attention to the representation received from Ward Members, as detailed in Annex 3 of the report.

Officers were asked about the reasons why the covenant had originally been put in place.

The Executive Leader stated that he supported the recommendation to vary the restrictive covenant.

Resolved:  That the requested variation to the restrictive covenant at 3-4 Patrick Pool so that the property can be used as a public house, as detailed in the report, be approved in exchange for a one-off consideration of £25,000.

Reason:     To provide the Council with a one-off consideration in exchange for agreeing to a variation of the covenant.