{meta} Decision - Land at Queen Street, Ordsall

Decision details

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Salford City Council - Record of Decision

LAND AT QUEEN STREET, GREENGATE, SALFORD

 

I, Paul Dennett, City Mayor, in exercise of the powers contained within the City Council’s constitution do hereby:-

 

  1. Authorise the disposal by way of Agreement for Lease of a 999 year leasehold interest in land at Queen Street, Greengate to Renaker Build Limited on the agreed main heads of terms.
  2. Authorise Salford City Council to enter into an option to repurchase if development is not progressed by an agreed longstop date.
  3. Authorise the Joint Legal Service to conclude all documentation necessary to complete the legal formalities.

 

The Reasons: To generate a capital receipt and facilitate redevelopment of the site, guided by the delivery priorities and aims of the Greengate Regeneration Strategy.

 

Assessment of Risk is Low

 

The source of funding: N/A

 

Legal Advice obtained:  Michelle Brice, Principal Solicitor 219 6303

 

Financial Advice obtained:  Alex Archer, Finance Manager 778 0498

 

The following documents have been used to assist the decision process-

Report submitted to Property/Regeneration Briefing on 9th September 2019


Contact Officer: John Nugent (Urban Vision)   

Tel No 0161 779 6072

 

This decision is not subject to consideration by another Lead Member/Director

The appropriate scrutiny panel to call-in the decision is the Growth and Prosperity Scrutiny Panel.

 

 

 

Signed: Paul Dennett

City Mayor

Date: 9th September 2019

 

 

*           This decision was published on Monday, 9th September, 2019.

*           This decision will come in force at 4.00 pm on Monday, 16th September, 2019unless it is called-in in accordance with the Decision Making Process Rules.

 

 

Publication date: 09/09/2019

Date of decision: 09/09/2019

Decided at meeting: 09/09/2019 - Property / Regeneration Briefing

Effective from: 17/09/2019

Accompanying Documents: