Issue - meetings

This report is an update on the progress of this project since the Executive Report of 7 July 2009 and Members are asked to note the steps taken since the identification of a Preferred Concessionaire by the Council.

RESOLVED:             That Cabinet agree to

i)             Approve the issuing of the Award Notice.

ii)            Delegate to the Director of Customer and Business Support Services the conclusion of the negotiations of the Conditional Concession Agreement with a further report being brought back to members following approval of the Agreement.

REASON:                  To enable the Council to meet its aims and objectives including the successful delivery of this scheme.

The Cabinet considered a report which updated them on the progress of the Castle Piccadilly project since July 2009. It was confirmed that the procurement competition had now concluded, Heads of Terms had been negotiated and that the council would shortly proceed with a contract award notice and settlement of a development agreement.

Taking the project forward would involve consultation with stakeholders to develop the master plan for the area and any subsequent planning applications.

Following discussion the options then considered were:

i)                To conclude the procurement concession competition and proceed to issuing an award notice.  To conclude the Condition Concession Agreement and report back to Members for approval.

ii)               To discontinue the award process.                                                                                                           

RESOLVED:             That Cabinet agree to

i)             Approve the issuing of the Award Notice. ^1.

ii)            Delegate to the Director of Customer and Business Support Services the conclusion of the negotiations of the Conditional Concession Agreement with a further report being brought back to members following approval of the Agreement. ^2.

REASON:                  To enable the Council to meet its aims and objectives including the successful delivery of this scheme.