Agenda item

Appendices 2,3,4,5,6, 8 and 9 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14 and 16 of Part 4 and paragraph 21 of Part 5 of Schedule 12A of the Local Government Act 1972.

RESOLVED: that

i)          It be noted that the market exercise for the redevelopment of land marked as Area B on the plan attached at Appendix 1 and authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to:

a.    negotiate and enter into an exclusivity agreement with the ‘Preferred Bidder’.

b.    negotiate an option agreement contract with the ‘Preferred Bidder’ and to return to Cabinet for final approval.

ii)      the amended car parking strategy for the Atlantic Wharf regeneration scheme as set out at Confidential Appendices 4 be notedand the alteration of the Indoor Arena Development Fund Agreement with Live Nation be authorised to reflect this new approach.

iii)     the acquisition of the Pierhead Street MSCP be authorised on the terms set out at Confidential Appendix 6 and authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to complete the acquisition.

iv)      the appropriation of land for planning purposes as set out at Appendix 7 be approvedand authority be delegated to the Director of Economic Development to appropriate future parcels as outlined.

v)      the proposal for Lloyd George Avenue as set out at Appendix 8 & Confidential Appendix 9  be noted and a consultation exercise to consider the proposal be authorised.

Appendices 2,3,4,5,6, 8 and 9 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14 and 16 of Part 4 and paragraph 21 of Part 5 of Schedule 12A of the Local Government Act 1972.

Cabinet received a report detailing the Outline Business Case for the redevelopment of the Red Dragon Centre (RDC) site as part of the wider regeneration of the Atlantic Wharf Site. The report also seeks authority to amend the car park strategy, as set out in Confidential Appendix 4 to the report, to fulfil the Council’s obligations relating to the new Indoor Arena project and to support the regeneration of the wider Atlantic Wharf Site. Furthermore, the report provides options for the improvement of pedestrian and cycling connections along Lloyd George Avenue to improve the connection between the city centre and Cardiff Bay.

A public and confidential letter from the Economy and Culture Scrutiny Committee was circulated.

RESOLVED: that

i)          It be noted that the market exercise for the redevelopment of land marked as Area B on the plan attached at Appendix 1 and authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to:

a.    negotiate and enter into an exclusivity agreement with the ‘Preferred Bidder’.

b.    negotiate an option agreement contract with the ‘Preferred Bidder’ and to return to Cabinet for final approval.

ii)      the amended car parking strategy for the Atlantic Wharf regeneration scheme as set out at Confidential Appendices 4 be notedand the alteration of the Indoor Arena Development Fund Agreement with Live Nation be authorised to reflect this new approach.

iii)     the acquisition of the Pierhead Street MSCP be authorised on the terms set out at Confidential Appendix 6 and authority be delegated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to complete the acquisition.

iv)      the appropriation of land for planning purposes as set out at Appendix 7 be approvedand authority be delegated to the Director of Economic Development to appropriate future parcels as outlined.

v)      the proposal for Lloyd George Avenue as set out at Appendix 8 & Confidential Appendix 9  be noted and a consultation exercise to consider the proposal be authorised.