Sale of Land for New Housing Development
Additional documents:
Minutes:
Purpose of Report
To seek approval for the sale of a parcel of land for new housing development.
Decision
That the recommendations as set out in the report be approved.
Alternative Options Considered and Rejected
Alternative options considered and rejected were set out in the report.
Reason for Decision
A capital receipt could be achieved from sale of the parcel of land, which would be attributable to the general fund and contribute towards the savings targets set out in the Medium Term Financial Strategy.
Further details outlining the key reasons for this decision were set out in the report.