Decision details

Shareholder Project (Colkirk) Approval for Breckland Bridge Ltd (D49 20)

Decision Maker: Leader of the Council

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

Confirm shareholder consent to approve the Colkirk development project for Breckland Bridge Ltd and subsequently transfer/sell the Council land.

Decision:

Approve shareholder consent for the Colkirk development project as per the Breckland Bridge Ltd business plan and the Strategic Property Manager in consultation with the Executive Member (or Leader) be authorised to make all other decisions in respect of the transfer of this land to Breckland Bridge Ltd.

 

Reasons for the decision:

The provision of shareholder consent will allow Breckland Bridge Ltd to proceed with the project and enable delivery of the business plan and achieve the forecast financial returns.

Alternative options considered:

1.    Approve shareholder consent for the Colkirk development project as per the Breckland Bridge Ltd business plan and the Strategic Property Manager in consultation with the Executive Member (or Leader) be authorised to make all other decisions in respect of the transfer of this land to Breckland Bridge Ltd.

 

2.    Do not approve shareholder consent for the Colkirk development project as per the Breckland Bridge Ltd business plan and do not transfer (sell) the land at this location to Breckland Bridge Ltd.

 

Publication date: 17/11/2020

Date of decision: 17/11/2020

Effective from: 25/11/2020

Accompanying Documents: