Decision details

Approval of ongoing project work to support Draft Masterplan.

Further to Cabinet and Council reports in June 2014 (Cabinet Minute No. 16 (2014/15)), Kier Asset Management submitted a report on the progress made on the Linacre Road Master Plan project and recommending for approval a draft Master Plan. Approval was also sought for an additional budget to fund the remaining work required to bring the site forward for residential development.

The report outlined the progress already achieved and detailed the timeline for consultation on the draft Master Plan and its formal adoption.

*RESOLVED -

That it be recommended to Full Council:

(1)         That the Draft Master Plan dated May 2015, be approved, subject to any necessary revision, as the Council's stated planning position for the Linacre Road development site.

(2)         That additional funding of £30,000 be approved and that all costs attributable to bringing forward the site for sale be split on a pro-rata basis between the Housing Revenue Account and the General Fund ownerships, split one third and two thirds respectively.

REASONS FOR DECISION

The Master Plan with the Informal Planning Brief is to form the Council’s stated planning guidance in advance of Local Plan adoption in 2016. Its objective is to de-risk the site from a developer’s point of view, simplify the bidding and evaluation process, and accelerate capital receipt realisation.

Additional contingency funding was required to ensure delivery of the project. This would enable the site to be brought forward for eventual sale to release capital receipts to the General Fund and Housing Revenue Account.