Decision details

This report provides detail in addition to background and context to support the proposal that the Executive Director Place Services confirms the appointment of a commercial organisation, named as preferred bidder, with which the County Council is to enter into a Joint Venture Partnership Agreement in accordance with Cabinet Member decision FR05 19-20  28/06/2019 (Procurement - Property Development Enterprise). 

The organisation will become the partnering company in the joint venture with the Council and will provide property development funding, resources and services in order to bring forward for development areas of land in which the Council has an interest, subject to assessment of commercial viability and value, in accordance with a partnership agreement. The report explains the mechanisms for decisions of the partnership and joint venture governance.

The full report is restricted to members only and concerns the procurement of the partner and the output of the procurement in relation to the achievement of the aims of the original decision.

The Executive Director Place Services in consultation with the Cabinet Member for Finance has agreed: -

(1)         from the procurement process, the appointment of the preferred bidder, Morgan Sindall Group plc;

(2)         to complete the partnership agreement with the selected partner in accordance with decision FR05 19-20(Procurement - Property Development Enterprise);

(3)         jointly with the Director of Law and Assurance to implement the governance arrangements for the operation of the partnership as set out in this report to meet the requirements of the joint venture arrangement.

None