To consider the report of the Cabinet Member for Performance and Resources seeking Members to note the progress made for the regeneration of the vacant land to the rear of St. Oswalds Retail Park and to approve the continuing negotiations for development of this area.
(1) the progress made with the St. Oswalds land regeneration be noted, and in particular that:
a) Tesco have undertaken an open tender for the disposal of their land following the withdrawal of the Homes and Communities Agency from purchase negotiations
b) negotiations have continued with Tesco for the City Council’s consent to vary their lease so that their vacant land can be the subject of an agreed disposal.
(2) the Tesco lease is agreed to be varied to enable a sale of their vacant land only for residential purposes and negotiations continue to bring forward a masterplan for the comprehensive residential development of the Tesco land together with the adjoining City Council land.