Decision details

This report requests that Cabinet delegates authority to the Chief Finance Officer to agree terms at best consideration for the release/variation of a restrictive covenant on land between Shorts Way and Mercury Close, Borstal.

92/2007 The Cabinet agreed to delegate authority to the Chief Finance Officer, in consultation with the Portfolio Holder for Finance, to negotiate and complete the release/variation of the restrictive covenant on the land between Shorts Way and Mercury Close, Borstal at best consideration.

To ensure the release or variation of the restrictive covenant is achieved on the best terms reasonably obtainable and to contribute towards the Council's capital receipt target of £4m per annum.