Report of the Service Manager Growth and Economic Development.
Additional documents:
Minutes:
The Service Manager for Economic Growth and Regeneration introduced a report, including a not for publication appendix, which had been circulated prior to the meeting, seeking approval to acquire the Arnold Market site and associated buildings.
RESOLVED:
1) To recommend to Council that a budget is established to acquire the Arnold Market site (as shown on the Plan at Appendix 1 to the report) for no more than the sum set out in Exempt Appendix 2 to the report;
2) That subject to budget approval by Council to:
a) Approve the acquisition of the site using the Council’s powers under Section 226 of the Town and Country Planning Act 1990;
b) Delegate authority to the Chief Executive to agree Heads of Terms for the acquisition of the site (as shown on the Plan at Appendix 1 to the report), to make a formal offer for no more than the maximum price set out in Exempt Appendix 2 to the report, and, subject to the offer being accepted, to complete the acquisition of the site; and
c) Authorise officers to progress proposals for improvements to the appearance of the site and its operation, the details of which will be reported to members at a future date.