Purpose

1. That Cabinet approves the freehold sale, following a
marketing exercise, of 1.75 acres of residential land, currently with outline
planning permission at Pond Walk, subject to any agreed deductions for adverse
condition matters and planning costs, conditional upon and obtaining reserved
matters or a satisfactory planning consent for the site.

2. That Cabinet Delegate authority to the Corporate Director of Assets &
Regeneration to agree any deductions and to complete the legal sale and
transfer when all conditions are satisfied in consultation with the Cabinet
Member for Assets and the S151 Officer.