A report by the Director of Law, HR and Asset Management considered the options available to the Council to re-market the sites in the light of current market conditions and continued interest in the sites, and sought guidance as to the way forward.

RESOLVED: That

(1)  the Director of Law, HR and Asset Management be instructed to:

(i)    market Sites 1 and 2 at Europa Boulevard on the basis reported in paragraph 3.14 and report the outcome of this exercise to a future meeting; and

(ii)   submit a development brief in respect of Site 3 to a future meeting; and

(2)  the proposals received for an assignment of the development agreement or the separate sale of Site 1 be declined.