Issue - meetings

To receive and consider the report of the Director of Planning and Property.

1.    To approve the method of disposing the land at Shady Lane for housing development via an informal tender process.

2.    To note a further cabinet report will be presented to recommend a preferred bidder for the site disposal

Councillor Alistair Bradley, Executive Leader and Executive Member for Economic Development and Public Service Reform, presented the confidential report of the Director of Planning and Property which sought approval of the disposal strategy for land at Shady Lane for housing development via an informal tender process.

Resolved (unanimously)

1. To approve the method of disposing the land at Shady Lane for housing development via an informal tender process.
2. To note a further cabinet report will be presented to recommend a preferred bidder for the site disposal.

Reasons for recommendations

1. Capital receipt: Generates a capital receipt disposing of a surplus asset. Reduction in
2. Borrowing: capital receipt to be used to service existing council borrowing improving the council’s revenue position.
3. Planning Policy: Disposing of the land for residential development supports the council in meeting housing supply targets.

Other options considered and rejected

Do Nothing: This was discounted due to the significant opportunity presented to the council to dispose of a surplus asset generating a significant capital receipt and delivering housing within the borough.