Issue - meetings

Please note that the Committee on 1 December 2016 agreed to add this report to the agenda.

The Committee had before it a report by the Director of Communities, Housing and Infrastructure which (a) outlined discussion between Council officers and the owners of the property Rockspring Hanover Property Unit Trust (Rockspring); (b) described redevelopment options and introduced an opportunity for the Council to participate in a regeneration of the site; and (c) sought approval to jointly commission a feasibility study for the site to look at options to create the best development opportunity.

The report recommended:-

that the Committee –

(a)       carry out a detailed feasibility study for the site in collaboration with Rockspring to look at options to create the best development opportunity; and

(b)       agree a contribution towards the expenditure required for the detailed feasibility study for the site on the terms outlined in paragraph 3 of the report, reporting back to this Committee in February 2017.

The Committee resolved:-

(i)         to approve recommendation (a) above;

(ii)        to approve a £50,000 contribution towards the expenditure required for the detailed feasibility study for the site reporting back to this Committee in February 2017; and

(iii)       that officers circulate information to the Committee in relation to the value of Rockspring.