Decision details

That the Executive Board:

2.1 Approves the appointment of Bidder A as preferred bidder.

2.2 Approves the appointment of Bidder B as reserve bidder.

2.3 Acknowledges the objections received for the appropriation of land from Environment and Health & Adult Social Care portfolios to Regeneration & Growth at the Tower Road site.

2.4 Approves the appropriation of land at the Tower Road site from Environment and Health & Adult Social Care portfolios to Regeneration & Growth.

2.5 Delegates authority to the Director of Growth and Development, in consultation with the Executive Member for Regeneration and the Executive Member for Resources, to:

•              Consider any objections to the proposed disposal of ‘open space’ at Tower Road and if appropriate

•              Approve the proposed disposal of ‘open space’ at Tower Road.

2.6 Grants permission for Council officers to negotiate Heads of Terms to finalise the terms of the disposal.

2.7 Delegates authority to conclude negotiations, including terms of any land sale and contracts to the Growth Programme Director and Deputy Chief Executive in consultation with the Executive Members for Resources and Regeneration to approve the final heads of terms.

2.8 Authorises the Director of HR, Legal and Governance to complete the necessary legal formalities.