To agree to sell a site at Gulistan Terrace in Rathmines to the HSE

To agree to dispose of a 0.6620 acre/ 2,679sq.m site at Gulistan Terrace in Rathmines to the HSE. "The City Valuers Office has through intensive discussions with the HSE agreed the disposal of the fee simple interest in part of the former DCC Depot site at Gulistan Terrace, Rathmines, Dublin 6 to the HSE. The agreed purchase price is the sum of €5.5 million. The purchase will be funded by the HSE by way of a land exchange and financial contribution. The HSE will transfer the fee simple interest in the Health Centre site at Emmet Road, purchase price agreed at €3.5m, to Dublin City Council for the planned St. Michael’s Estate regeneration project and pay a balancing financial contribution of €2m to the Council. In advance of the transfer of title to the Emmet Road site, the HSE will hand-over possession of same to DCC by 30th June 2021 at the latest, as DCC urgently requires possession to advance the St. Michael’s regeneration project (for which a design team has been appointed). In the event the HSE does not complete the acquisition of the Gulistan Terrace site, fail to apply for or receive planning permission or proceed with construction of the development, DCC will acquire the Emmet Road site in fee simple, at the agreed purchase price of €3.5m, on an unrestricted basis, i.e. with no uplift clauses or conditionality around building, etc. ... " (See linked report for more.)