Issue - meetings

To consider the Future Asset Acquisition and Developments Report.

The Director – Finance and Corporate Services gave a summary of the report that set out the current position on one potential acquisition site and further development at Chesterford Research Park. 

He highlighted the following points: -

• A retailer had agreed to take the lease of 4 units at the Stane Retail Park phase 2; other discussions were taking place.
• Building 800 would be the second biggest building on the Park with another 16 units of approximately 5,000 sq. ft. each.  It would take 2 years from design to finished build.
• The Solar Green Energy hub would provide a solar farm capable of meeting 90% of the business requirements.   

Councillor Pavitt said the Solar Farm was a contentious issue as there were a lot of applications coming through the district for these farms.  He agreed with the Director – Finance and Corporate Services that this was mitigated in this case by the fact that the Solar Farm would serve the Park and would not be solely aimed at making a profit through selling to the grid. 

Members noted the report.

The meeting closed at 7:10pm.