This report provides information on the outcome of the procurement process to identify a private sector development partner for the redevelopment of the prison site and seeks approval of a proposed scheme, subject to planning permission.

The subject of the decision:

This report provided information on the outcome of the procurement process to identify a private sector development partner for the redevelopment of the prison site and sought approval of a proposed scheme, subject to planning permission.

Alternative options considered:

Options for consideration were included within the report.

The reason for the decision:

Cabinet was satisfied that the preferred scheme was the most viable option for the Council in delivering the project.

THE DECISION:

That Cabinet approves and recommends to Council that:-

(1)     the tenderer as detailed within paragraph 4.1 of the report and their preferred scheme be approved as the Council’s preferred scheme for the development of the prison site;

(2)     should the preferred scheme not prove viable, the Chief Executive be authorised to agree the variant bid, subject to consultation with the Leader;

(3)     the Chief Executive be authorised to work with the preferred tenderer to finalise and then complete the Shareholder Agreement, the Development Agreement, the Condition Sale and Purchase Agreement and the Development Services Management Agreement;

(4)     the prison site be transferred to the Joint Venture Company; and

(5)     the Council undertakes an archaeological investigation of the site following immediately after demolition.