Issue - meetings

To consider the report of the Acting Director of City Development informing of the outcome of the consultation undertaken on the Draft Planning Statement for the Sovereign Street site, whilst also providing an update on the potential to create a new city centre greenspace, in conjunction with a mixed use development at this location.

Appendix 1 to this report is designated as exempt under Access to Information Procedure Rule 10.4(3).

The Director of City Development submitted a report informing of the outcomes from the consultation on the Draft Planning Statement for the Sovereign Street site and providing an update on the progress made to date on the potential to create a new city centre greenspace, in conjunction with a mixed use development on the site.

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

RESOLVED –

(a)   That the progress made in relation to the development proposals for the Sovereign Street site be noted.

(b)  That the revised Sovereign Street Planning Statement be approved as a guide to future development proposals for the Sovereign Street site.

(c)  That the draft Heads of Terms agreed with KPMG and Sovereign Leeds Ltd, as detailed within exempt appendix 1 for site A be approved, and that authority be delegated to the Director of City Development in order to negotiate the detailed terms.

(d)  That a further six month exclusivity period be granted, for KPMG to complete their due diligence on the site and to complete the Agreement for lease.

(e)  That the marketing of the two remaining development sites be commenced upon completion of the Development Agreement with KPMG, expected in September 2011.

(f)  That the principle of using part of the KPMG receipt to deliver the proposed greenspace be approved.

(g)  That approval is given to appropriate land from highways to planning purposes to allow easements and other rights be overriden pursuant to S237 of the Town and Country Planning Act 1990 on the proposed KPMG (Site A).

(h)  That an injection into the Capital Programme and the authority to spend up to £100,000 of feasibility funding be approved, for the design brief and scheme development which will enable the procurement of the new greenspace.