Decision Maker: Executive Board
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Report to seek approval to exchanging conditional contracts with the buyer of the Yorkshire Bank site for the land exchange of the Council-owned northern development plot with part of the Yorkshire Bank site on terms detailed in a confidential appendix, with final terms to be approved by the Director of City Development under delegated powers.
The Director of City Development submitted a report which sought approval to the provisional terms of a land exchange to facilitate the creation of a single larger development plot, which could potentially be brought forward for complementary use to the Arena in the future.
Regarding the proposal, a Member highlighted the potential implications around the Council losing influence on what was ultimately developed upon site A, and emphasised the importance of the quality of any future development on that site being consistent with the high profile location of it.
Following 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 were considered in private at the conclusion of the public part of the meeting, it was
(a) That approval be given to the Council exchanging conditional contracts with the buyer of the Yorkshire Bank site for the land exchange of the Council-owned northern development plot (as detailed as Site A in Appendix 2 to the submitted report) with part of the Yorkshire Bank site (Site C in Appendix 2) on the terms detailed within exempt Appendix 1;
(b) That approval be given for officers to negotiate final terms for the land exchange, to be approved by the Director of City Development under delegated powers;
(c) The approval be given to the continuation by officers of informal discussions with the Arena operator, regarding the scope of redevelopment and the identification of complementary uses for the development plot precipitating from the land exchange, with proposals being reported back.
Reason Key: Financial Impact>£500K;
Wards Affected: Little London and Woodhouse;
Portfolio Holder: Executive Member for Resources
Other reasons / organisations consulted
Executive Member for Inclusive Growth and Culture
Executive Member for Resources;
Executive Member for Climate Change, Transport and Sustainable Development;
Little London and Woodhouse Ward Members
Contact: James Child, Senior Surveyor 0113 378 7683 Email: email@example.com.
Report author: James Child
Publication date: 18/12/2020
Date of decision: 16/12/2020
Decided at meeting: 16/12/2020 - Executive Board
Effective from: 05/01/2021