Western Growth Corridor Land Appropriations
Additional documents:
Minutes:
Purpose of Report
To provide the Executive with an opportunity to consider the appropriation of land between the Council’s General Fund and Housing Revenue Account in order to facilitate the proposed Western Growth Corridor and new build housing development.
Decision
That the recommendations contained within the report be approved.
Alternative Options Considered and Rejected
None.
Reason for Decision
The Council’s new build housing programme was predicated by land availability in the city.
The appropriation proposal, as set out in the report, would facilitate additional affordable housing in the city and see the sites transfer to the Housing Revenue Account at market value, subject to the payment of any balance. It was a requirement of the grant funding associated with the proposal that the land held for the Western Growth Corridor development was held in the Council’s General Fund.