From the agenda document Executive Meeting 12/8/14
"Offerton Precinct Development
This scheme relates to the redevelopment of the Offerton Precinct.
Possession took place on 1st July 2013 whereupon payments began to flow to the affected parties.
It is hoped that these costs will be covered by the proposed indemnity from Tenbest. If the costs
exceed the indemnity from Tenbest, the shortfall will be raised through Directly Funded Borrowing.
Negotiations continue with regards the amount of compensation, with no substantive progress
having been made during Qtr 1 of 2014/15. It is unlikely that negotiations will be completed in the
short term but it is hoped that they will be completed during the current financial year."