The Cabinet Member for Finance presented a report on the proposed sale of Council land at the southern boundary of Wellgate Community Farm to facilitate a new major, innovative family housing development in the north of the Borough.
The Cabinet Member for Finance referred to the key benefits of the development, which had received planning consent on 30 April 2012 for 88 five-bedroom detached houses subject to a Section 106 agreement to secure a four-bedroom house to the Council at Wellgate City Farm, enlargement and enhancement of the community farm including erection of new farm buildings, the transfer of 0.59 hectares of land to the Council and an education contribution of £200,000. The Cabinet Member for Regeneration commented on the proposed financial arrangements in respect of the sale of the Council’s land and suggested that they represented the best possible deal for the Council in the light of the benefits that would be achieved.
Cabinet agreed:
(i) The sale of 0.0623 hectares of Council-owned land at Collier Row Road, shown edged red in the plan at Appendix 1 to the report, to EcoGrove Ltd for £47,000; and
(ii) To authorise the Chief Executive, in consultation with the Head of Legal and Democratic Services, to complete all necessary legal agreements to conclude the sale of the land.