Issue - meetings

Cabinet considered a report on the proposed development of land at Birmingham Road/Stourbridge Road, Bromsgrove which would involve the disposal of the Council’s car park at Stourbridge Road.

Members discussed the report in detail and had particular regard to the proposed terms for disposal of the site, the advice of the District Valuer and the strategic importance of the development as part of the regeneration of the Town Centre.

RESOLVED:

(a)       that the contents of the report be noted;

(b)       that the disposal of the freehold of the land at Stourbridge Road car park to the developer on the terms set out in the report and in accordance with the report of the District Valuer attached as Appendix 1 to the report be approved;

(c)        that the arrangements in respect of the lease back to this Council of part of the car park together with the receipt of a proportion of future income therefrom and for the future management by this Council of the car park as set out in the report be approved; and

(d)       that delegated authority be granted to the Executive Director (Planning and Regeneration, Regulatory and Housing Services) in consultation with the Portfolio Holder and Executive Director (Finance and Corporate Resources) to agree the final terms for the disposal of the land with the developer and to enter into the necessary legal agreements required for the purposes of implementing recommendations (b) and (c) above.