Agenda item

11.1

The Executive Director, Place submitted a report in relation to the proposed acquisition of sites in the Devonshire Quarter.

11.2

RESOLVED: That:-

(a)

approval is granted to the acquisition of two leasehold interests and two freehold vacant sites; and

(b)

that the decisions as to which combination of sites are acquired is delegated to the Chief Property Officer to allow flexibility in response to rapidly changing market conditions. Updates on progress will be provided via Cabinet Member briefings and via the Portfolio Leadership Team (PLT).

11.3

Reasons for Decision

The intended outcome is to accelerate housing delivery and kick-start the continued regeneration of the Devonshire Quarter whilst creating a more sustainable mix of housing types in the City Centre.

11.4

Alternatives Considered and Rejected

Do nothing – may result in the vacant sites remaining undeveloped for the foreseeable future or individual sites developed in isolation in a way that could restrict the development of the area.

11.5

Any Interest Declared or Dispensation Granted

None

11.6

Reason for Exemption if Public/Press Excluded During Consideration

The report contained confidential information described in Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended) relating to the financial or business affairs of any particular person.

11.7

Respective Director Responsible for Implementation

Laraine Manley, Executive Director, Place

11.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Economic and Environmental Wellbeing

13.1

The Executive Director, Place submitted a report in relation to the proposed acquisition of sites in the Devonshire Quarter.

13.2

RESOLVED: That:-

(a)

approval is granted to the acquisition of two leasehold interests and two freehold vacant sites in the Devonshire Quarter, in accordance with the details outlined in this report; and

(b)

that the decisions as to which combination of sites are acquired is delegated to the Chief Property Officer to allow flexibility in response to rapidly changing market conditions.

13.3

Reasons for Decision

The intended outcome is to accelerate housing delivery and kick-start the continued regeneration of the Devonshire Quarter whilst creating a more sustainable mix of housing types in the City Centre.

13.4

Alternatives Considered and Rejected

Do nothing – may result in the vacant sites remaining undeveloped for the foreseeable future or individual sites developed in isolation in a way that could restrict the development of the area.