Decision details

Councillor Alistair Bradley, Executive Member (Economic Development and Public Service Reform), presented the confidential report of the Director of Commercial Services which seeks approval for the terms reported for the disposal of the Pod Development site.

Decision:

That the terms reported in the report be approved.

Reasons for recommendation(s):

1.    To secure development of the site and a capital receipt

2.    The site will deliver an attractive development on the edge of the town centre and in doing so link Market Street to the nearby ASDA superstore.

Alternative options considered and rejected:

1.    Joint venture considered but rejected on the basis of too greater risk to the Council for the rental return.

2.    Leave the site as an arear of open space or possible wildflower meadow.