Decision details

(Cabinet Member with Special Responsibility Councillor Hanson)

Cabinet received a report from the Head of Property Services which was exempt from publication by virtue of paragraph 3 of Schedule 12a of the Local Government Act 1972.

In January 2011 Cabinet authorised officers to discuss the extension and amendment of the Development Agreement with Centros.  The outcome of these discussions was reported to Cabinet at this meeting. Members were asked to consider varying the existing Development Agreement and associated documents to allow for an extension for a 5 year period. This would allow the developer to bring forward a revised scheme of regeneration for the Canal Corridor North site. The options, options analysis, including risk assessment and officer preferred option, were set out in the exempt report.

Councillor Bryning proposed, seconded by Councillor Hanson:-

“(1)      That the recommendations as set out in the exempt report be approved.”

Resolved:

(6 Members (Councillors Blamire, Bryning, Hanson, Leytham, Sands and Smith) voted in favour, 1 Member (Councillor Hamilton-Cox) voted against and 1 Member (Councillor  Barry) abstained.)

(1)        The resolution is set out in a minute exempt from publication by virtue of paragraph 3 of Schedule 12A of the Local Government Act 1972.

Officers responsible for effecting the decision:

Chief Executive

Reasons for making the decision:

This will allow the developer to bring forward a revised scheme of regeneration of the Canal Corridor North Site as set out in a minute exempt from publication by virtue of paragraph 3 of Schedule 12A of the Local Government Act 1972.