Purpose

To bring forward all decisions
inclusive of the disposal strategy to conclude the delivery of the
Council’s vision for the Sports Village.

Content

Appendices 2-5 of this report are not for
publication as they contain exempt information of the description
contained in paragraphs 14, 16 and 21 of Schedule 12A of the Local
Government Act 1972
 
An amendment sheet was
circulated, which amended paragraph ten of the report, the amended
paragraph now names the developer, this was following feedback from
scrutiny.
 
RESOLVED: that
 
1)             
the disposal for the residential and commercial
plots as set out in this report and the legal report attached at
Confidential Appendix 2 and in line with independent valuers
advice attached at Confidential Appendix 3 and the proposals
at Confidential Appendix 5 be approved
and authority be delegated to the Director of Economic Development,
in consultation with the Cabinet Member for Investment &
Development, the Section 151 Officer and the Legal Officer, to
conclude all legal agreements to complete the disposal
strategy.
 
2)             
the lift and shift obligation set-out at
Confidential Appendix 2 and the development of a Full
Business Case to determine a long-term car parking solution for the
ISV site to be presented back to Cabinet for approval in advance of
the first call-down of land by the appointed developer be
noted.

 
3)             
a soft market testing exercise be authorised to
inform the further development of the Outline Business Case for the
Energy Strategy to be presented back to a future meeting of
Cabinet.