Decision details

PROCUREMENT OF A JOINT VENTURE DEVELOPMENT PARTNER

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

(i)            That the progress made to date with the procurement exercise for the Joint Venture Development Delivery Partner redevelopment plans for key town centre sites be noted;

 

(ii)          That the benefits of the Capital and Centric operating model as set out in Paragraph 2.14-2.21 of this report be noted;

 

(iii)         That the procurement through a direct award under the Pagabo Development Management Framework of Capital and Centric, be agreed,  to develop plans and development business cases for the York Place and Midway Car Park sites, at a cost not exceeding £256,500;

 

(iv)         That the Deputy Chief Executive, in consultation with the Portfolio Holder for Finance, Town Centres and Growth, and Portfolio Holder for One Council, People and Partnerships be authorised to progress discussions with third parties for the sale or lease of a portion of the York Place site;

 

(v)          That the Deputy Chief Executive, in consultation with the Portfolio Holder for Finance, Town Centres and Growth, and Portfolio for One Council, People and Partnerships be authorised to undertake the necessary preparatory work for the closure of the Midway Carpark in autumn 2024.

 

Publication date: 19/09/2023

Date of decision: 19/09/2023

Decided at meeting: 19/09/2023 - Cabinet

Accompanying Documents: