Decision details

Fairground Car Park Development Project Progress update report

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To seek funding to progress to the next stage of the project.

Decision:

RESOLVED to approve a budget of £125,000 to be met from the Property Investment Reserve, to put funds in place to see the project through stages 3 and 4 as detailed in the revised timeline and to allow the feasibility work detailed in Exempt Annexe 1 to the agenda report.

 

 

 

£

Stage 3

Procurement - prepare tender documents and go out to procurement

50,000

Stage 4

Tender returns, dialog with interest parties and contract negotiations

50,000

Incidental Work

Feasibility work to free up site and aid project delivery – as detailed in exempt annexe

25,000

 

 

125,000

 

Reason: Following the Executive approval in March 2022, officers have been working with external property advisers, Montagu Evans, on progressing the project with the focus on a mixed-use housing and supermarket provision in support of the Local Plan Part 2.

 

[Resources Overview and Scrutiny Committee]

Report author: Peter Vickers

Publication date: 05/10/2022

Date of decision: 04/10/2022

Decided at meeting: 04/10/2022 - Executive

Accompanying Documents: