Issue - decisions

The Cabinet Member has agreed to:

(1)         The commencement of a procurement process to select a suitable commercial enterprise, that has demonstrated skilled resources in property development, to act as joint venture partner with the County Council in a business arrangement for the commercial development of surplus council land,

(2)         Delegate to the Executive Director of Place Services, in consultation with the Cabinet Member for Finance and Resources, the selection of the initial tranche of suitable sites and the appointment of the preferred bidder;

(3)         Delegate to the Director of Law and Assurance the setting up of a wholly County Council owned company as required to progress the joint venture partnership.

(4)         Approve set up costs, including the procurement process, up to the value of £700,000; such funds to be drawn from the Council’s reserves.

(5)         Facilitate an opportunity for the Policy and Finance Select Committee to preview the key decisions being taken in recommendations (2) and (3) above.