Issue details

Options agreement for exchange of land at Stoney Stanton

The alternative to achieving the future acquisition of the land by a negotiated agreement provided by the proposed option agreement would be to request the local planning authority to acquire the land by compulsory purchase to support the delivery of its local plan. This route would have created greater uncertainty, added additional cost to the project, and resulted in significant delays thereby negatively impacting the project. Not acquiring the land at all would have rendered the scheme undeliverable.

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 16/07/2025

Decision due: 8 July 2025 by Director of Corporate Resources

Contact: Declan Keegan Declan.keegan.gov.uk Email: declan.keegan@leics.gov.uk.

Consultation process

The decision was made following consultation with the Lead Member for Resources on 8 July 2025 in accordance with the decision of the Cabinet made on 13 September 2024.

Decisions