Decision details

Disposal of the Council's Freehold Property Known as The Stow Depot

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


RESOLVED that Cabinet:


A     Declared the Stow Depot as surplus to requirements.


B    Approved plans to dispose of the Council’s freehold interest in the Stow Depot conditional upon the purchaser delivering a satisfactory mixed use scheme of redevelopment, incorporating an appropriate level of affordable and social housing.


C    Delegated the Head of Place, in consultation with the Portfolio Holder for Regeneration and Enterprise, the authority to negotiate and finalise the terms of the disposal and (subject to being satisfied that it would be for the best consideration reasonably obtainable) thereafter procure the legal completion of the development and sale documentation (and all ancillary documents).

Report author: Graeme Bloomer

Publication date: 15/09/2017

Date of decision: 14/09/2017

Decided at meeting: 14/09/2017 - Cabinet

Effective from: 23/09/2017

Accompanying Documents: