Agenda item

Report from the Strategic Director of Regeneration and Environment.

Recommendations

1. That Cabinet endorse the allocation of the ‘Strategic Acquisition Fund’ to undertake the acquisition of land and property at Sheffield Road, shown in Appendix 1.

2. To authorise the Assistant Director of Property and Facilities Services to agree the terms and conditions and complete the acquisition of the land shown at Appendix 1 in consultation with the Cabinet Member for Transport, Jobs, and the Local Economy.

Councillor Taylor, Cabinet Member for Transport, Jobs, and the Local Economy advised that the Council's regeneration of the Town Centre was well underway.  Forge Island was up and running with more exciting developments expected in the upcoming weeks and months. Work was also well underway on the markets and library, alongside a host of public realm improvements in the pipeline and in preparation for the new Riverside residential quarter.

Consideration was given to the report which sought to enable the progression of the Town Centre regeneration programme, specifically the creation of a new residential community through the allocation of funds to undertake the acquisition of land and property at Sheffield Road.

Resolved:

That Cabinet:

1.    Endorsed the allocation of the ‘Strategic Acquisition Fund’ to undertake the acquisition of land and property at Sheffield Road, shown in Appendix 1 of the report.

2.    Authorised the Assistant Director of Property and Facilities Services to agree the terms and conditions and complete the acquisition of the land shown at Appendix 1 of the report in consultation with the Cabinet Member for Transport, Jobs, and the Local Economy.