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Decision details

Heathside and Lethbridge Phases 5 & 6 Land Assembly

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

Having considered a confidential officer report, and a presentation by the

Mayor, the Mayor and Cabinet for the reasons set out in the report by a vote of 6-0:

 

RESOLVED that:

 

(1) the disposal and development of the Council’s freehold interest in the

Phase 5 and Phase 6 sites shown by outline on an attached plan to Peabody

in accordance with the overarching Development Agreement be approved;

 

(2) authority be delegated to the Executive Director for Resources and

Regeneration, in consultation with the Executive Director for Customer

Services and Head of Law, to agree the bespoke financial model for Phase 5

and Phase 6;

 

(3) the final land assembly costs for Phase 5 be noted and an increase to the

Phase 5 budget by a stated amount be approved on the basis that these costs

will be reimbursed in full by Peabody on transfer of the Phase 5 site; and

 

(4) the current land assembly costs for Phase 6 be noted and an increase to

the Phase 6 budget by a stated amount be approved, on the basis that costs

incurred at the time of the transfer will be reimbursed in full by Peabody on

transfer of the Phase 6 site with any further costs being reimbursed

subsequently;

 

The meeting closed at 6.52pm

Publication date: 09/05/2019

Date of decision: 08/05/2019

Decided at meeting: 08/05/2019 - Mayor and Cabinet

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