RESOLVED:
1. That pursuant to s17 of the Housing Act 1985 the council acquires a long leasehold interest in the land edged red on the plan at Appendix A of the report in accordance with the principal terms set out substantially in paragraph 16 of this report and fully in paragraph 4 of the closed version of the report subject to that land being developed with housing in accordance with the planning consent granted for application 18/AP/0657.
2. That as part of the consideration payable for the new housing, on its completion the council pursuant to s 233 of the Town and Country Planning Act 1990 transfers to the freeholder of the land edged red on the plan at Appendix A of the report the freehold interest in the land shaded blue on the same plan.
3. That authority be delegated to the director of regeneration authority to agree detailed terms of the transaction.