Decision details

(i)           That the progress made to date by Capital&Centric on the York Place, Midway Car Park and The Ryecroft projects in Newcastle Town Centre be noted;

(ii)         That, subject to Council approval of the funding as set out in Recommendation 3:

a.     The Deputy Chief Executive, in consultation with the Portfolio Holder for Finance, Town Centres and Growth, and the Portfolio Holder for One Council, People and Partnerships, be authorised to progress legal agreements to enable the appointment of Capital&Centric under three Pre-Development Services Agreements (PDSA) for the development of the three schemes through a direct award under the Pagabo Development Management Framework.

b.     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 enable re-development works to commence on York Place, through Capital&Centric’s PDSA, at a cost not exceeding £500,000 (the cost of which is included in the overall budget).

(iii)            Recommends that Council approve expenditure of up to £2,649,000 to develop the three schemes to the end of RIBA Stage 3, and the submission of planning applications.