Decision details

4-22 Port Street, Oldham

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The purpose of this report is to seek approval for the Council to supersede an existing development and sale agreement on a terrace of 10 dilapidated residential properties at 4 to 22 Port Street, Oldham with a new contract on revised terms.

Decision:

RESOLVED - That:
It is that the Council enters into a new agreement which supersedes existing on terms as described in this report.

Reasons for the decision:

Option 1 - Do Nothing
The Council could choose to do nothing.
Option 2 Terminate the agreement and remarket.
Option 3 Enter into a new agreement.

Alternative options considered:

Option 1 - Do Nothing
The Council could choose to do nothing.
Option 2 Terminate the agreement and remarket.

Other reasons / organisations consulted

Colleagues in Finance, Legals and Business Rates/revenues have been consulted.

Contact: James Tolan, Principal Regeneration Officer 0161 770 4537 Email: james.tolan@oldham.gov.uk.

Publication date: 09/05/2018

Date of decision: 27/04/2018

Accompanying Documents: