Agenda item

Appendices 2, 3, 4 and 5 of this report are exempt from publication because they contain information of the kind described in paragraphs 14 and 21 of parts 4 and 5 of Schedule 12A to the Local Government Act 1972.

RESOLVED: that

(1)          progress of the Central Square regeneration scheme be noted;

(2)          the lease of land to deliver the HMRC headquarters be agreed building in accordance with the Heads of Terms attached at Appendix 2 of this report; and delegate authority to the Director of Economic Development, in consultation with the Leader of the Council, the Cabinet Member for Corporate Services and Performance, the Section 151 Officer and the Director of Governance and Legal Services to finalise any detailed arrangements and to conclude the lease in accordance with external valuation advice so as to ensure value for money.

Cabinet considered a report outlining the progress to date on the Central Square regeneration scheme.  It was noted that the project has been delivered at an unprecedented rate and is on track to deliver 1 million sq ft of high quality office-led mixed use development and has the potential to accommodate up to 10,000 jobs.  The report also seeks authority to lease land in order to deliver the HMRC headquarters building.

Appendices 2, 3, 4 and 5 of this report are exempt from publication because they contain information of the kind described in paragraphs 14 and 21 of parts 4 and 5 of Schedule 12A to the Local Government Act 1972.

RESOLVED: that

(1)          progress of the Central Square regeneration scheme be noted;

(2)          the lease of land to deliver the HMRC headquarters be agreed building in accordance with the Heads of Terms attached at Appendix 2 of this report; and delegate authority to the Director of Economic Development, in consultation with the Leader of the Council, the Cabinet Member for Corporate Services and Performance, the Section 151 Officer and the Director of Governance and Legal Services to finalise any detailed arrangements and to conclude the lease in accordance with external valuation advice so as to ensure value for money.