Decision Maker: Cabinet (Resources) Panel
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To appoint the developer for
the development of the former Tower and Fort Works site and enter
into the Development Agreement and associated legal
agreements.
Decisions:
Cllr Peter Bilson outline the salient points
of the report which consolidated and updated the recommendations of
a number of Cabinet (Resources) Panel reports which had been
produced and authorised over a number of years to provide clarity
on the authority provided. The report
also provided an update following the completion of the land sale
process and sought approval of the full funding for the scheme.
Resolved:
- That the sale of land at the former
Tower and Fort Works, Pelham Street/Ashland Street site to Bouygues
Development Thomas Vale Limited be approved and the Council enter
into a Development Agreement along with associated agreements
including deeds of covenant, collateral warranties and transfer
relating to disposal of the Council’s land and the provision
of written consent to any assignments and such other ancillary
agreements as may be deemed necessary to execute the sale be
approved.
- That the payment
under the Development Agreement to Bouygues
Development Thomas Vale Limited in the
sum of £2.4 million in relation to the construction of 19
units of Council housing to be funded from the Housing Revenue
Account (HRA) be approved.
- That the transfer of
the freehold interest of the land as shown on the plan (edged red)
in tranches, minus that planned for 19 Council housing units and in
accordance with the Development Agreement be approved.
- That
the expenditure of the public open space receipt of
£80,000 from Bouygues Development Thomas Vale Limited
to enable the Council to procure the enhancement of the
children’s playground at Merridale Street West recreational ground be
approved.
- That authority be
delegated to the Cabinet Member for City
Housing and Assets in consultation with the Director of Finance to
appropriate the land for the council housing units from the general
fund to the HRA.
- That it be noted that
the addition of one Council housing rent unit, as following further
discussions with Highways and Planning, the new proposed site
layout would bring a total number of 19 Council units.
Report author: Karen Beasley
Publication date: 02/03/2017
Date of decision: 28/02/2017
Decided at meeting: 28/02/2017 - Cabinet (Resources) Panel
Restricted enclosure View reasons restricted