Decision details

To seek authority for disposal of the Council’s freehold interest in land at Phases D & E at Ashton Green, for housing development, to Tilia Homes.

To:

•           Approve the freehold disposal of the Councils interest at Phases D & E, Ashton Green, Leicester (identified in Appendix A) to Tilia Homes (the Purchaser)

•           Approve entering into unconditional contracts for the sale of Phases D & E, on detailed terms to be agreed by the Strategic Director (City Development and Neighbourhoods)

•           Approve the entering into of the collaboration agreement apportioning cost and value against land ownership with the Diocesan of Leicester who is a joint landowner of the comprehensive parcel.

To generate a capital receipt from the sale of the land, which will be ringfenced for capital purposes or to repay debt.

To enable the delivery of additional housing stock for the city including affordable homes.

Continue with the existing farm business tenancy and not sell for redevelopment.