Decision details

To update on Atlanitc Wharf developments

Appendices 1 to 9 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14, 16 and 21 of Schedule 12A of the Local Government Act 1972.

RESOLVED: that

1.               progress on the Indoor Arena be noted and that a report will be presented to Cabinet seeking authority to enter into a Development Agreement with the Preferred Bidder in September.

2.               Approval be given to the Multi-Storey Car Park OBC attached at Confidential Appendix 2 and the development of a Full Business Case (FBC) as set out in this report and in line with the rationale and details set out in Confidential Appendix 5 be authorised

3.               Approval be given to the development of an Outline Business Case to consider options for the redevelopment of the Red Dragon Centre including a soft market testing exercise 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 agree the Council’s contribution to the hybrid planning application, as set out in this report.

4.               Approval be given to the MOU attached at Confidential Appendix 8 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 negotiate a delivery strategy.