Issue - meetings

To consider the report of the Director of City Development providing information on the offers and development proposals received for the final development plot at Sovereign Square. The report advises how the recommended development proposals will complement Sovereign Square, the surrounding area and how it will contribute towards the links between the city centre and South Bank proposals.

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

The Director of City Development submitted a report providing information on the offers and development proposals received for the final development plot at Sovereign Square. The report advised how the recommended development proposals would complement Sovereign Square and the surrounding area and how it would also contribute towards the links between the city centre and South Bank proposals.

Following the consideration of Appendix 1 to the submitted report designated as being 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 in the Board’s capacity as landlord, the selection of the party, as detailed within the accompanying exempt appendix 1 to the submitted report, as purchaser of the remaining development plot at Sovereign Square, be approved;

(b)  That in the Board’s capacity as landlord, and in the event of the sale to the first party falling through, the selection of another party as reserve purchaser, as detailed within the accompanying exempt appendix 1 to the submitted report, be approved;

(c)  That the Director of City Development be authorised, under the Council’s Officer Delegation Scheme to consider and approve any subsequent changes to the detailed terms for the sale.