Stockton-on-Tees Borough Council

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Cabinet Decision: 12th July 2018
Title of Item/Report
Southern Gateway
Record of the Decision
Consideration was given to a report that sought approval to dispose of the Southern Gateway site in Stockton Town Centre to support delivery of a new food retail outlet in Stockton Town Centre.

Previous reports to Cabinet had identified the long term aspiration to redevelop the site known as the Southern Gateway.

For a number of years, the Council had acquired various interest across the site with a view to gaining full control to enable a high quality development on the site.

Following an approach from a major food retailer, the Council had been in discussions regarding a potential Town Centre site for a foodstore. Their requirements could not be met by existing space given the specific specialist requirements and agreement had been reached on terms regarding the disposal of the land outlined in an attachment to the report. The proposal for a foodstore, would be in line with planning guidelines and would be an asset to the Town Centre and would generate a capital receipt for the Council.

The details of the disposal terms were shown as a confidential attachment to the report.

Under paragraph 3 of Schedule 12A Local Government Act 1972 members of the press and public left the meeting while Members considered the exempt information.

RESOLVED that:-

1. The disposal be agreed of the Southern Gateway site (Appendix A of the report) with the terms agreed at Appendix B of the report.

2. The detailed terms of disposal be delegated to the Director of Finance and Business Services in consultation with the Leader of the Council.
Reasons for the Decision
To support economic growth in Stockton town centre.
Alternative Options Considered and Rejected
None
Declared (Cabinet Member) Conflicts of Interest
None.
Details of any Dispensations
N/A
Date and Time by which Call In must be executed
Midnight, 20 July 2018.
Attachment

Date of Publication: 16 July 2018


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