Decision details

To approve the disposal of the council’s freehold interest to the long leaseholder for a residential-led development.

RESOLVED:

That in accordance with the terms set out in the closed cabinet report:

1.  The freehold interest in land at Mandela Way (as shown outlined in black in Appendix 1 of the report) be sold to the long leasehold owner of the site Firmdale Hotels for mainly residential development subject to planning permission being obtained.

2.  The director of regeneration be authorised to negotiate the sale and development agreement with Firmdale Hotels and place a covenant on the site which binds successors in title to an affordable housing requirement.