Decision details

Sovereign Square - Final Development Plot

Reference: D47984

Decision Maker: Executive Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Consideration of the offers and development proposals received for Plot B Sovereign Square and to approve a recommendation to select a purchaser.

Decisions:

The Director of City Development submitted a report providing information on the offers and development proposals received for the final development plot at Sovereign Square. The report advised how the recommended development proposals would complement Sovereign Square and the surrounding area and how it would also contribute towards the links between the city centre and South Bank proposals.

 

Following the consideration of Appendix 1 to the submitted report designated as being exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which was considered in private at the conclusion of the meeting, it was

 

RESOLVED –

(a)  That in the Board’s capacity as landlord, the selection of the party, as detailed within the accompanying exempt appendix 1 to the submitted report, as purchaser of the remaining development plot at Sovereign Square, be approved;

 

(b)  That in the Board’s capacity as landlord, and in the event of the sale to the first party falling through, the selection of another party as reserve purchaser, as detailed within the accompanying exempt appendix 1 to the submitted report, be approved;

 

(c)  That the Director of City Development be authorised, under the Council’s Officer Delegation Scheme to consider and approve any subsequent changes to the detailed terms for the sale.

Reason Key: Expenditure > £250,000;

Wards Affected: Hunslet and Riverside;

Portfolio Holder: Regeneration , Transport and Planning

Other reasons / organisations consulted

Ward Members (Hunslet & Riverside)

Consultees

Cllr Elizabeth Nash, Cllr Mohamed Iqbal, Cllr Paul Wray

Contact: Edward Rowland, Principal Surveyor 0113 3787674.

Report author: Edward Rowland

Publication date: 24/09/2018

Date of decision: 19/09/2018

Decided at meeting: 19/09/2018 - Executive Board

Effective from: 29/09/2018

Accompanying Documents: