Issue - meetings

Forum Phase 2 Approval and Appointment of Main Contractor

Meeting: 08/12/2021 - Cabinet (Item 71)

71 Kings Quarter The Forum Phase 2 Approval pdf icon PDF 105 KB

To consider the report of the Leader of the Council seeking to secure approval to authorise Officers to enter into a legally binding contract with the successfully tendered construction company to deliver Phase 2 for the Kings Quarter The Forum mixed use development in its entirety, in accordance with the Development Funding Agreement and approval by Council on 28th January 2021.

 

Please note that Appendices 2 to 4 are exempt from disclosure to the press and public by virtue of Paragraph 3 of Schedule 12A of the Local Government Act 1972 as amended (information relating to the financial or business affairs of any particular person including the authority holding that information). If Members wish to discuss Appendices 2, 3 or 4 the Cabinet will need to resolve to exclude the press and public before doing so.

Additional documents:

Decision:

RESOLVED that:

 

(1)    the Head of Place or the Head of Policy and Resources in consultation with the Leader of the Council and Cabinet Member for Environment and the Council Solicitor is authorised in accordance with the Development Funding Agreement to complete a JCT Building Contract with the successfully tendered construction company to implement Phase 2 of Kings Quarter The Forum in its entirety as set out in Appendix 4 of the report.

 

(2)    authority is delegated to the Head of Place or the Head of Policy and Resources in consultation with the Council Solicitor to take all necessary steps and undertake necessary procedures, including entering into any legal arrangements or other documentation as may be required to implement or facilitate Phase 2 for the Kings Quarter The Forum in accordance with the Council decision taken on 28th January 2021 to proceed with the entire redevelopment scheme within the total capital cost of £107m.

 

Minutes:

Cabinet considered the report of the Leader of the Council that sought to secure approval to authorise Officers to enter into a legally binding contract with the successfully tendered construction company to deliver Phase 2 for the Kings Quarter The Forum mixed use development in its entirety, in accordance with the Development Funding Agreement and approval by Council on 28th January 2021.

 

The Leader of the Council informed Members that he was pleased that the delivery of The Forum was ready to progress to Phase 2 and on course to realise the high-quality regeneration aspirations of the Council.  He confirmed that there had already been considerable interest from potential occupiers demonstrating confidence in the project even at this stage.  The Leader of the Council advised that although risks remain, due diligence had been exercised in selecting the successful tender.  He further reassured Members that the contractor had embedded social value within their tender.

 

The Cabinet Member for Culture and Leisure commented that the confidence expressed by potential contractors and occupiers demonstrated that the private sector wanted to be associated with Gloucester as a place to be.  The Cabinet Member for Performance and Resources reminded Members that the regeneration would generate more than physical change bringing investment, jobs and social value to transform people’s lives in the long-term.  She drew Members’ attention to the successful application to the government’s Levelling Up Fund (3.10) which she believed would help mitigate the risks.  The Cabinet Member for Planning and Housing Strategy expressed his own pleasure that the Council’s bold foresight was now being progressed to produce such a transformative legacy showing how seriously it takes regeneration.  The Leader of the Council stated that the support received from across all groups of the Council should be recognised.

 

RESOLVED that:

 

(1)    the Head of Place or the Head of Policy and Resources in consultation with the Leader of the Council and Cabinet Member for Environment and the Council Solicitor is authorised in accordance with the Development Funding Agreement to complete a JCT Building Contract with the successfully tendered construction company to implement Phase 2 of Kings Quarter The Forum in its entirety as set out in Appendix 4 of the report.

 

(2)    authority is delegated to the Head of Place or the Head of Policy and Resources in consultation with the Council Solicitor to take all necessary steps and undertake necessary procedures, including entering into any legal arrangements or other documentation as may be required to implement or facilitate Phase 2 for the Kings Quarter The Forum in accordance with the Council decision taken on 28th January 2021 to proceed with the entire redevelopment scheme within the total capital cost of £107m.