Decision details
DISPOSAL OF ALL OR PART OF THE BROAD STREET CAR PARK, LEOMINSTER
PDF 108 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To approve the principle for the disposal of all or part of the public car park at Broad Street, Leominster.
Decision:
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THAT: (a) disposal of all or part of the site is approved in principle; and; (b) the programme of activity set out at paragraph 16 of this report be implemented to a further decision on a specific proposal. |
Reasons for the decision:
To ensure the council is able to take an informed decision regarding the future of the site following a speculative approach from a developer.
The sale of part of the Broad Street car park would realise a significant capital receipt for the council which would support the objectives of the medium term financial strategy.
Subject to the sale it would be necessary to secure alternative long stay car parking provision to meet demand for long stay parking and to protect parking revenues.
Alternative options considered:
Do nothing and retain the car park in its entirety and continue to generate revenue income from car parking charges. There is significant evidence of oversupply of car parking spaces in the town. The option to dispose of part of the car park will enable a capital receipt to be raised, whilst retaining sufficient car parking provision to meet projected demand.
Contact: Tony Featherstone, Head of Corporate Asset Management Email: afeatherstone@herefordshire.gov.uk.
Publication date: 21/07/2016
Date of decision: 21/07/2016
Effective from: 27/07/2016