(i) That the interests from developers to secure portions of the site for residential development be noted and that delegated authority be given to 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 to finalise a masterplan for the hotel and residential developments and agree terms with developers to enable these developments to progress.
(ii) That the outcome of the procurement for a Hotel brand for the site be considered, and agree to the selection of Accor Hotels, with their Ibis Styles brand, for the development of the next stage of business case development, at a cost of £50,000;
(iii) That further update reports on progress of the various elements be received as and when further details have been developed.