Issue - meetings

To consider a report of the Executive Councillor (Finance) & (Regeneration)   (Enclosed)

(Note: The report will have a 'not for publication' appendix which will be circulated to executive councillors only)

The Executive Councillors (Regeneration) and (Finance) submitted a joint report (copies of which had been circulated) inviting the Executive Meeting to approve the development agreement between the Council and THI Riverside Ltd, the Council’s preferred developer, for the regeneration of the site of the Dialstone Centre, land known as Blackstone Fields and the site of the former Dial Park Primary School. The Executive were also invited to approve the appropriation of the site of the Dialstone Centre from education purposes to planning purposes.

(Note: The financial terms and conditions of the agreement were contained in the 'not for publication' appendix to the report which had been circulated to executive councillors only.)

RESOLVED – That the following be approved:-

(i)       the terms of Development Agreement as set out in the report, subject to the final approval of the Agreement being delegated to the Corporate Directors (Business Services) and (Communities, Regeneration & Environment) in consultation with appropriate Executive Councillors

(ii)     the expenditure and financing of the new facilities and associated costs as detailed in the report and confidential appendix; and

(iii)   the appropriation of the Council owned land needed for development from community use and highway use to planning purposes pursuant to S.122(2A) of the Local Government Act 1972.