Issue - meetings

To consider the report of the Director of City Development seeking approval to agree to the Council’s preferred option for a HS2 regeneration delivery vehicle in order to take forward regeneration activities associated with HS2 in the short term. In addition, the report also seeks the relevant approvals to the principles which will underpin the longer term function of a delivery vehicle.

(Appendix 1 to this report is designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3))

Further to Minute No. 133, 17^th December 2014, the Director of City Development submitted a report which sought approval to agree to the Council’s preferred option for a HS2 regeneration delivery vehicle, which would take forward regeneration activities associated with HS2 in the short term. In addition, the report also sought the relevant approvals to the principles which would underpin the longer term function of a delivery vehicle.

Responding to an enquiry, the Board was provided with assurances that Members would continue to be kept informed of developments and the progress made in this field. In addition, Members also discussed the options available in respect of a potential delivery vehicle for HS3.

Furthermore, emphasis was placed upon the key role that both the high speed rail initiative, together with the proposed development of the Leeds Southern Station entrance would play in the wider regeneration of South Leeds.

Following consideration of Appendix 1 to the submitted report, designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3), which was considered in private at the conclusion of the meeting, it was

RESOLVED –

(a)  That approval be given to enter into an agreement with London and Continental Railways for collaborative working on regeneration based activities associated with HS2 in accordance with the Heads of Terms, as set out within exempt Appendix 1 to the submitted report;

(b)  That approval be given to the Heads of Terms, as set out in exempt Appendix 1 to the submitted report, for a joint venture regeneration delivery vehicle between the Council and London and Continental Railways, with both parties owning 50% of the vehicle;

(c)  That the policy principles for the formation of a HS2 regeneration delivery vehicle, as set out in paragraph 3.30 of the submitted report be agreed;

(d)  That the Director of City Development, in consultation with the

Executive Member for Transport and the Economy, be authorised to negotiate and finalise agreements with HS2 Ltd. and London and Continental Railways in order to establish a Joint Venture and enter into a formal partnership arrangement;

(e)  That it be noted that agreement to the proposals for joint working with London and Continental Railways, as contained within the submitted report, will be subject to the approval of HS2 Ltd. and the relevant Government departments;

(f)  That it be noted that the Head of Regeneration will be responsible for the implementation of such matters.