Decision details

To agree to vary the Development Agreement.

The Executive Meeting considered proposed revisions to the Development Agreement between the Council and THi Riverside Limited (with GB Buildings Solutions as the guarantor) to facilitate the delivery of the a revised development at the site of the former Dialstone Centre and Blackstone Fields and agreed that

·         progress to date and the detailed work involved in bringing forward revised proposals for the former Dialstone Centre and Blackstone Fields redevelopment be noted;

·         approval be given to the principles outlined within the proposals submitted by THi Riverside/ GB Buildings Solutions and the Service Director (Place Development) and Corporate Director for Corporate and Support Services be authorised to produce and enter into a revised Development Agreement for the former Dialstone Centre and Blackstone Fields sites;

·         provision be included in the Council’s Capital Programme to meet the additional net costs associated with delivery of the revised proposals, currently estimated at £0.750m.

(NOTE: the report included exempt information ‘Not for Publication’ contained within its appendix that had been circulated to executive councillors only)

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Environment & Economy Scrutiny Committee