Issue - meetings

(Report of the Director of Corporate Resources – To be introduced by the Cabinet Member for Finance and Carbon Reduction): To approve the disposal of the Council’s freehold interest in 63 Lawrence Road.

Cabinet considered a report that sought approval to dispose of the Council’s freehold interest in 63 Lawrence Road, the car park and yard and the adjoining land to the rear of the site for the best consideration that could reasonably be achieved in pursuance of the Council’s regeneration objectives as outlined in the Planning Brief adopted in 2007.

Further exempt information pertaining to the report was considered under Item 23. 

RESOLVED:

1. That it be agreed to divest 63 Lawrence Road from the commercial portfolio and declare it along with the apportioned area of the car park and yard and the adjoining land to the rear of the site as surplus to requirements.

2. That the Head of Corporate Property, in consultation with the relevant officers and Members, be authorised to dispose of the Council’s freehold interest in 63 Lawrence Road (Site A), the car park and yard (Sites C and D) and the adjoining land (Site B) for the best consideration that could reasonably be obtained, ensuring that the development of the site contributed to the aims of the planning brief and recent planning statement (October 7 2011) and helped secure the overall regeneration of the Lawrence Road area.

3. That the site should be offered, in the first instance, to Newlon Housing Trust as they were at an advanced stage of negotiation with the private landowners of 45, 47 and 49 Lawrence Road.

4. That in the event that terms could not be agreed with Newlon Housing Trust the Council should consider other disposal options with the adjoining private landowners in pursuance of its regeneration objectives for the wider Lawrence Road area.