Decision details

A new masterplan for the future development of the Capital Quarter area within the city centre to attract investment and expand the city-centre’s commercial offer.

Appendices 3 to 4 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14, 16 and 21 of Schedule 12A of the Local Government Act 1972.

AGREED: that

    1)          the Canal Quarter Development Framework as set out in Appendix 2 be approved for consultation.

    2)          in principle approval be given to the Option Agreement set out in Confidential Appendix 3 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 an agreement and in the event that the Option Agreement is exercised a further report will be presented back to Cabinet for approval.