Decision details

(a) To seek approval to request that Nottingham City Council release the covenant on four plots of open space at Bestwood (the Land) shown hatched blue on the plan (Appendix 1).
(b) Following this, to seek approval for the sale of one of these plots of open space (the Site) adjoining 11 Pennine Close, Bestwood shown hatched pink on the plan (Appendix 2).

THAT:
(a) That permission is granted to apply to the City to release the covenant on the Land hatched blue at Appendix 1.
(b) Approval is given to sell the Site, as shown hatched pink in Appendix 2, to the Purchaser for £2,000 for use as garden land with the Purchaser being responsible for all of the Council’s costs in relation to this matter.

(a) The Council would have difficulty selling the Site if the covenant was not released.
(a)Sale of the Site would ensure that the Council does not have any ongoing liability for the Site.
(b)Sale of the Site may allow it to be used more effectively in the future.
(c)Sale of the Site will give the Council a capital receipt.

One alternative is not to sell the Site however this would mean that the Council would not receive a capital receipt.
Another alternative is to let the Site out as garden land. However, this would only generate a minimal income. Furthermore, the resource required to administer this could render this option unviable. Sale of the Site would therefore appear to be the better option.