Further to Minute 131 (16 April 2013), the Leader introduced the report and advised that negotiations had taken place with the preferred bidder in respect of a restrictive covenant against the future development of the site.
Cabinet resolved:
(i) To approve the disposal of the site at 89 Axe Street, Barking, as shown hatched on the plan at Appendix 1 to the report, to Elim Trust Corporation in the sum of £275,000 on the terms set out in the report; and
(ii) To agree that the property be sold with the Council having the benefit of an in perpetuity restrictive covenant against future development.