Purpose

The purpose of the report was to consider the transfer of
land and assets owned by the Council at Gresham over to the Middlesbrough
Development Corporation (MDC) for nil consideration. This would facilitate a
significant mixed-use development proposal which would benefit the local area
and town centre.

Decision

 

AGREED that Executive notes the information contained in
Part A of the report.

 

ORDERED that:

 

1.   
Following consideration of the
commercially confidential or exempt information contained in Part B of the
report, Executive approves the transfer of land as detailed in recommendations
2, 3 and 4 below, subject to receiving written assurances from the
Middlesbrough Development Corporation around the mix and quality of the
development being sought;

2.   
Subject to recommendation 1, Executive
approves the transfer of 1.64ha of land bounded in red in
Plan 1 to the Middlesbrough Development Corporation at nil consideration. 

3.   
Subject to recommendation 1, approves the
transfer of no. 147, 149 and 151 Linthorpe Road to
the Middlesbrough Development Corporation at nil consideration; and,

4.     
Subject to recommendation 1, approves the
transfer of no. 143 Linthorpe Road (The Crown) to the
Middlesbrough Development Corporation at nil consideration.