Issue - meetings

To consider the report of the Cabinet Member for Regeneration and Economy noting the progress made for the new Kings Quarter regeneration proposals.

RESOLVED:

That it be noted that the progress made with the Kings Quarter regeneration and, in particular,  

(1)          The Stanhope Development Agreement for Kings Quarter has now been formally terminated and the transfer with copyright for all the agreed documents completed.

(2)          Our Consultants LDA Design and Jones Lang LaSalle are on target to produce a Business Plan for the Kings Quarter regeneration for consideration by Cabinet at their meeting on 13th September 2017.

Cabinet considered the report of the Cabinet Member for Regeneration and Economy noting the progress made for the new Kings Quarter regeneration proposals.

The Cabinet Member for Regeneration and Economy advised that the Stanhope Development Agreement for Kings Quarter had been formally terminated.  The City Council had been working closely with LDA Design and Jones Lang LaSalle to ensure the scheme was commercially and financially achievable. A further report would be presented to Cabinet in September 2017, together with a Business Plan, for their consideration.

The Cabinet Member for Regeneration and Economy drew Members attention to paragraph 3.7 of the report identifying two areas which would require further technical information and advised that Cabinet would be updated on progress.

The Cabinet Member for Regeneration and Economy referred to paragraph 3.9 relating to the perimeter plan.  He advised that there was no planning application in place as yet, however the background work had been undertaken.

RESOLVED that progress made with the Kings Quarter regeneration be noted, in particular:

(1)      The Stanhope Development Agreement for Kings Quarter has now been formally terminated and the transfer with copyright for all the agreed documents completed.

(2)      Our Consultants LDA Design and Jones Lang LaSalle are on target to produce a Business Plan for the Kings Quarter regeneration for consideration by Cabinet at their meeting on 13th September 2017.