Agenda item

To consider the report of the Director of City Development regarding the continued regeneration of the South Bank Leeds. Specifically, the report outlines an opportunity to continue the momentum achieved by securing the future refurbishment of the Grade II listed Engine House which is located within the centre of the Tower Works site.

(Please Note: Appendix 2 of the report is designated as being exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3))

The Director of City Development submitted a report providing an update on the continued regeneration of the South Bank Leeds. Specifically, the report outlined an opportunity to continue the momentum which had been achieved by securing the future refurbishment of the Grade II listed Engine House, located within the centre of the Tower Works site, with the report seeking the necessary approvals from the Board.

Members welcomed the proposals detailed within the submitted report.

Following consideration of Appendix 2 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 public part of the meeting, it was

RESOLVED –

(a)  That approval be given to the Council disposing of the Engine House site at market value to Mustard Wharf Property Unit Trust (MWPUT), in accordance with the Heads of Terms, as outlined within exempt Appendix 2 to the submitted report;

(b)  That, utilising the external ringfenced monies held, approval be given for the Council to provide a heritage grant capped at £1m to MWPUT as a contribution towards the shell and core works in accordance with the Heads of Terms, as outlined in exempt Appendix 2 to the submitted report, subject to subsidy control compliance agreement of satisfactory security arrangements;

(c)  That approval be given to the Director of City Development, in consultation with the Director of Resources and the Executive Member for Infrastructure and Climate, to finalise detailed terms, in accordance with the terms as set out in exempt Appendix 2 to the submitted report.