Issue - decisions

RESOLVED (unanimously) that the Cabinet agreed to:

1)  Review the Full Business Case and approve the recommendations to award the contract to the preferred bidder as the Council’s development partner for the Bath Quays North site (the Site) (as shown edged red on the indicative plan at Appendix 4) having submitted the most economically advantageous bid in accordance with the Council's evaluation criteria as explained in the exempt Appendix 3, and in the event the Council is not able to conclude final negotiations with the preferred bidder it appoints the reserve bidder as the Council’s development partner.

2)  Delegate authority to the Director of Economy & Growth in consultation with the Leader, Chief Executive, the Council’s S.151 Officer and Monitoring Officer to take all necessary acts to:

a.  Agree final terms with the Council’s development partner including entering into the Development Agreement and all other ancillary documents to facilitate the carrying out of the redevelopment of the Site.

b.  Appropriate for planning purposes the Site under section 122 of the Local Government Act 1972 and to exercise the power (refer Section 4 of this report), if required, under Section 203 of the Housing and Planning Act 2016 (“Section 203”) to facilitate the carrying out of the redevelopment of the Site.

c.  Dispose of the Site to the appointed development partner under the terms of the Development Agreement.

d.  Complete contemporaneously, with the Development Agreement, a grant funding agreement with the West of England Combined Authority.

3)  Approve the uplift to the provisional Innovation Quay - Economic Development Funding Enabling Infrastructure budget to £30.8m to bring in line with the additional grant funding WECA have provisionally allocated through the EDF and LGF funding programmes.

4)  Fully approve Capital of £6.647m from the provisionally approved Bath Quays Delivery capital budget as set out in Section 3.3 of the report.

5)  Fully approve Capital of £30.8m from the provisionally approved Innovation Quay - Economic Development Funding Enabling Infrastructure capital budget as set out in Section 3.3 of the report.