Decision details

To enter into a land promotion agreement concerning land North of the A46/South of Thurcaston, to secure the council’s interests in land of which it owns part together with land owned by the Leicester Diocesan Board of Finance, and a share of the capital receipts from its future sale, subject to a residential land allocation being ultimately confirmed through the current local plan process.

A land promotion agreement addendum be entered into with Leicester Diocesan Board of Finance and Parker Strategic Land Ltd on the terms indicated in this report in respect of 6.42 acres of land the council owns and also 39 acres of land it will facilitate the release of through agreement with National Highways.

The agreement of the addendum to the existing land promotion agreement will enable Council owned land and land owned by Leicester Diocesan Board of Finance, which the Council has a long running interest in, to be promoted for development. If planning permission can be obtained the Council will secure a development land value receipt once the sites are disposed of.