Decision details

(Cabinet Member with Special Responsibility Councillor Leyshon)

Cabinet received a report from the Chief Officer (Resources) to report and obtain approval to extend the option period in the existing option agreement for the sale of land at the former Shell/ICI site.  The report was exempt from publication by virtue of Paragraph 3, of Schedule 12A of the Local Government Act, 1972.

The options, options analysis, including risk assessment and officer preferred option, were set out in the exempt:

Councillor Leyshon proposed, seconded by Councillor Clifford:

“That the recommendation, as set out in the exempt report, be approved.”

Councillors then voted:-

Resolved unanimously:

(1)     That Option 1 be approved, with the Option Agreement as set out in the exempt report being extended for a further period to 2^nd April, 2018. 

Officer responsible for effecting the decision:

Chief Officer (Resources)

Reasons for making the decision:

Extending the option period would represent a reasonable way forward and supports the Council’s Corporate Plan, in particular the priority of economic growth and key themes of environmental sustainability and managing the Council’s resources.