Decision details

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).