The Director of City Development submitted a report which sought approval to the key principles of a potential transaction for land in the Council’s ownership that would enable the development of the East of Otley mixed use development allocation.
RESOLVED –
(a) That the Heads of Terms, as outlined in section 3.11 of the submitted report be approved, in order to enable a detailed agreement to be developed for further consideration by Executive Board;
(b) That the proposal to develop a marginal viability application with the developers of the East of Otley site, for submission to the Housing Infrastructure Fund (HIF), be noted.