Decision details

Endorsement: Broadbridge Heath Regeneration Scheme FIN06 20-21

Decision Maker: Cabinet Member for Finance

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

In 2018 the Council declared the current Broadbridge Heath Highway Depot surplus to operational requirements (FR17 17/18).

This report proposes the economic regeneration of the Highway Depot through development of a retail park on the site.   This project will utilise a County Council owned asset to support the economic regeneration of the site for the benefit of the community and generate a return on investment.

 

Decision:

The Cabinet Member has approved:

(1)        The regeneration of an under-utilised asset to deliver a Retail Park at Broadbridge Heath, Horsham with the allocation of £15.47m from the capital programme to fund the completion of the project to construct a development on this site consisting of up to four units; and

(2)        Authorised entering into pre-let arrangements by way of conditional Agreements to Lease with the four preferred retailers; The Agreements will commit the County Council to the construction of this scheme, to the retailers’ specifications, conditional upon satisfactory planning permission and completing the works. The terms of the agreements remain commercially confidential; and

(3)        Delegated authority to the Director of Property and Assets with the Director of Law and Assurance to finalise the terms of the agreements to lease; and

(4)        Authorised the commencement of procurement for the construction contract and, subject to receipt of satisfactory planning permission (once confirmed by both WSCC and the retailers as satisfactory) delegates authority to the Director of Property and Assets to award the construction contract.

 

Interests and Nature of Interests Declared:

None

 

Publication date: 08/02/2021

Date of decision: 08/02/2021

Effective from: 18/02/2021

Accompanying Documents: