The second recommendation is “that Cabinet give approval in principle for the Council to seek powers of Compulsory Purchase in order to facilitate redevelopment of the site, in the event that all other reasonable means to acquire vacant possession have proved unsuccessful”.
The council report says: “The development would have an important economic development impact with the creation of approximately 50 new jobs.”
The report by Bill Norman, director of law, HR and asset management, said: “The whole development will be subject to various consultations [...] the outcomes of which cannot be guaranteed.
“The Developer holds the risk in respect of these matters.”
The development agreement, which would see Carpenters take a 250-year lease on the site, would see Carpenter Investments submit a planning application within 12 months.
Alan Beer, of Carpenters, said they could not comment ahead of the cabinet meeting.