Issue - meetings

Consideration was given to a report looking at the bids received from Developers shortlisted to take forward the redevelopment of the Ryecroft site in the town centre.

This report was considered in light of the confidential report and appendices contained in the second part of this agenda.  It was noted that the latter documents contained commercially sensitive information submitted by the three bidders along with confidential advice from the Council’s specialist development advisor.

Resolved:-   (i)       That, taking account of the commercially sensitive and

confidential information contained in the Part 2 report, the

selection of Developer A as preferred development partner for the Ryecroft scheme be agreed and the other two shortlisted bidders be formally notified of this decision and thanked for their interest and proposals.

(ii)       That officers be instructed to enter into a Co-operation agreement’ with Developer A, as described more fully in the body of the reports during which detailed scheme proposals can be progressed in conjunction with the negotiation of a development agreement.

(iii)      That the relevant Portfolio Holder be authorised to sign the formal and full version of the Co-operation Agreement at the earliest opportunity.

(iv)      That officers be authorised to continue working with

County Council colleagues regarding preparation of the full business case for the re-provision of Civic Offices on the basis set out in the report.