Purpose

To enter into a land
promotion agreement concerning land North of the A46/South of
Thurcaston, to secure the
council’s interests in land of which it owns part together
with land owned by the Leicester Diocesan Board of Finance, and a
share of the capital receipts from its future sale, subject to a
residential land allocation being ultimately confirmed through the
current local plan process.
 

Decision

A land
promotion agreement addendum be entered into with Leicester
Diocesan Board of Finance and Parker Strategic Land Ltd on the
terms indicated in this report in respect of 6.42 acres of land the
council owns and also 39 acres of land
it will facilitate the release of through agreement with National
Highways.