Issue - meetings

[To provide an update on progress with the Canalside South area]

1.      That the strategy and approach to bringing Canalside South to the market to seek a development partner to deliver this transformation development opportunity be approved.

2.      That authority be delegated to the Deputy Leader: Inclusive City Economy and the Leader of the Council, in consultation with Director of Regeneration and Director of Finance, to enter into the revised Collaboration Agreement with Canal & River Trust to enable the joint marketing of landholdings in support of the delivery of Canalside South.

3.      That authority be delegated to the Director of Governance for the execution of any legal agreements ensuing from the marketing process and eventual developer selection.  

4.      That the proposal to declare the Council’s landholdings at Canalside South as surplus in preparation for the marketing of the sites be approved.

5.      That the revenue budget allocation assigned to support costs associated with bringing forward a scheme of this scale be noted.

6.      That it be noted that an update would be brought to Cabinet once the marketing process has been concluded to ratify the outcome of the marketing exercise, the preferred delivery approach and development partner(s).

Councillor Stephen Simkins presented the update report on the delivery strategy for Canalside South, one of the Council's key priorities for residential-led mixed use regeneration. Delegate authority was requested to finalise a revised Collaboration Agreement between the Council and the Canal and River Trust and to take shared landholdings to the market to attract a development partner for the scheme.

Resolved:

1.    That the strategy and approach to bringing Canalside South to the market to seek a development partner to deliver this transformation development opportunity be approved.

2.    That authority be delegated to the Deputy Leader: Inclusive City Economy and the Leader of the Council, in consultation with the Director of Regeneration and Director of Finance, to enter into the revised Collaboration Agreement with Canal & River Trust to enable the joint marketing of landholdings in support of the delivery of Canalside South.

3.    That authority be delegated to the Director of Governance for the execution of any legal agreements ensuing from the marketing process and eventual developer selection. 

4.    That the proposal to declare the Council’s landholdings at Canalside South as surplus in preparation for the marketing of the sites be approved.

5.    That the revenue budget allocation assigned to support costs associated with bringing forward a scheme of this scale be noted.

6.    That it be noted that an update would be brought to Cabinet once the marketing process has been concluded to ratify the outcome of the marketing exercise, the preferred delivery approach and development partner(s).