Further to Minute No. 85 of the meeting of the Cabinet Member - Regeneration held on 16 December 2009, the Cabinet considered the report of the Housing Market Renewal Director which sought approval to grant a 250 year lease to the Keepmoat Property Ltd, part of the Keepmoat Group for the sale of 50-64 Stanley Road, Bootle and to jointly fund the construction of twelve apartments for social rent and the 5694 sq. ft. of retail space.
RESOLVED: That
(1) approval be given to the granting of a Development Licence to the Keepmoat Property Ltd. for the site of 50-64 Stanley Road, Bootle in order to carry out the development of twelve apartments for social rent, and 5694 sq. ft. of retail space;
(2) approval be given to the granting of a 250 year ground lease for the site at 50-64 Stanley Road to Keepmoat Property Ltd. upon the successful completion of the scheme; and
(3) approval be given to the use of £885,152 of Housing Market Renewal grant funding in order to jointly fund the construction of the scheme.
The Cabinet Member considered the report of the Housing Market Renewal Director that sought authority to grant a 250-year lease to the Keepmoat Property Ltd, part of the Keepmoat Group for the 50-64 Stanley Road site, and to jointly fund the construction of twelve apartments for social rent and the 5694 sq ft of retail space.
RESOLVED: That Cabinet be recommended to:-
(1) approve the granting of a Development Licence to the Keepmoat Property Ltd. for the 50-64 Stanley Road site in order to carry out the development of twelve apartments for social rent, and 5694 sq ft of retail space;
(2) approve the granting of a 250-year ‘ground lease’ for the 50-64 Stanley Road site to Keepmoat Property Ltd. upon the successful completion of the scheme; and
(3) subject to (1) and (2) above, approve the use of £885,152 of HMR grant funding in order to jointly fund the construction of the scheme.