Decision

To negotiate and complete on legals with the preferred bidder following best and final bids.

To further advance the recommendations approved in the July cabinet report. Specifically, 3.4 to delegate the negotiation and completion of the sale of the land to the Director for Property, Development and Regeneration in consultation with the Portfolio Holder for Property and Housing. This negotiation has taken place in consultation with the portfolio holder and a preferred purchaser for the site has been selected. Therefore, mitigating the development risk, to receive a development return, and generate a capital receipt to that could be used to invest in capital projects within the Council