The report proposes to seek approval to make the Central Bedfordshire Council (London Road Retail Park) Compulsory Purchase Order 2013 in order to acquire interests in the land comprising the existing London Road Retail Park. The acquisition of interests in the land will facilitate the regeneration and redevelopment of the existing retail park and contribute to the economic well-being of the area.

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that sought approval for the proposed Central Bedfordshire Council (London Road Retail Park) Compulsory Purchase Order 2013 in order to acquire interests in the land comprising the existing London Road Retail Park.

Reason for decision:  In order to avoid further delay and in accordance with the advice contained within paragraph 24 of Circular 06/2004 it is considered sensible to initiate the formal compulsory purchase process whilst continuing further negotiations with the relevant parties.

RESOLVED

that the course of action contained in recommendations 1 and 2 of the exempt report be approved.