EXEMPT - Gourley Triangle: Acquisitions Programme and Pre-Contract Project Development
As per item 22.
Minutes:
The Cabinet noted the exempt information and resolutions as per minute 765.
765 Gourley Triangle: Acquisitions Programme and Pre-Contract Project Development PDF 789 KB
Report of the Assistant Director for Regeneration and Economic Development and Assistant Director for Capital Projects and Property. To be introduced by the Cabinet Member for House Building, Place-Making and Development.
Approval is sought for acquisition of third-party land based on a business case and as per the boundary set out within the report. Approval is also sought to progress to pre-contract stage with extension of the existing design team contract.
Minutes:
The Cabinet Member for House Building, Place-Making and Development introduced the report which sought agreement to the acquisition of the remaining third-party land interests on the site, based on the business case for the redevelopment of Gourley Triangle as set out in the report.
Cabinet noted that in agreeing to the acquisition of the properties within the site and the associated redevelopment, a capital bid would be submitted as part of the next Medium Term Financial Strategy (MTFS) for the cost of the works element of the development. This capital bid would be a self-financing bid.
Approval was also sought for the pre-contract budget (set out in exempt part of the attached report) to progress the development of the Site including an extension of the existing Contract with the multi-disciplinary design team through to submission of a planning application at the Royal Institute of British Architects (RIBA) Work Stage 2+.
Noted that the objectives for the site were set out in the July Cabinet paper where the draft Master Plan had been agreed and the Council were working with residents and local businesses to build up proposals which was essentially mixed-use proposal. There were heritage aspects to the sites noted and information provided on how they would be retained.
Following questions from Cllr Cawley- Harrison, the following information was noted:
- The process for decision making would take place through the gateway process outlined at CAB 760 and as this was a complex and detailed scheme, there would be advice provided by external advisers and specialist officer. Officers advised that the negotiations were taking place simultaneously as much as possible .
- In relation to considering ground contamination and potential financial impact, this would be worked through in the due diligence stage and considered with the third parties when compiling the acquisition price.
Further to considering the exempt information at item 772 and agreeing the exempt recommendations,