Decision details

Kent Street, Oldham

Decision Maker: Executive Director for Place & Economic Growth

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To terminate a property agreement, remarket to achieve market value and progress an option to acquire adjacent land to achieve a wider regeneration of the area.

Decision:

RESOLVED - That:
1. The Council terminate a property agreement.
2. The Subject land is marketed and/or the Council enters into a direct disposal subject to achieving market value.
3. The Council can progress an option to acquire adjacent land to achieve a wider regeneration of the area.

Reasons for the decision:

Option 1 - Do nothing. However, this would be unsatisfactory and would not see the area regenerated.
Option 2 -
(i) The Council terminate a property agreement.
(ii) The Subject land is marketed and/or the Council enters into a direct disposal subject to achieving market value.
(iii) The Council can progress an option to acquire adjacent land to achieve a wider regeneration of the area.

Alternative options considered:

Option 1 - Do nothing. However, this would be unsatisfactory and would not see the area regenerated.

Other reasons / organisations consulted

Colleagues in legals, finance and the Portfolio Holder were consulted.

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

Publication date: 29/07/2019

Date of decision: 24/07/2019

Accompanying Documents: