Decision details

Approval of contract award for the appointment of a Private Sector Partner following competitive dialogue, OJEU Reference No. 2017/S 032-058452 and delegated approval for progressing disposal for Tranche1 sites, subject to approved business cases.

RESOLVED:

1.    That authority be delegated to the Cabinet Member for Property and Business Services; Acting Chief Executive and Chief Property Officer to finalise and enter into:

            a.        the JV contract documentation, as set out in the submitted Part 2 report, with Places for People Group (PfP);

            b.        conclude contract requirements for the provision of an operating lease within the parameters set out within the submitted Part 2 report;

2.    That the Investment Board:

            a.        commission the Joint Venture to undertake development opportunities and option analysis for the initial prioritised sites to be agreed by the Shareholder Board when setting the business plan, with future development opportunities following the same process;

            b.        formulate and present recommendations back to Cabinet for final approval of any development proposal or alternative future uses for the sites; and

            c.        review additional potential sites and commission feasibility proposals or options analysis for development proposals or alternative future uses of the sites;

3.    That it be noted that authority was delegated to the Shareholder Board (SB) to:

            a.        appoint nominated representatives to the Joint Venture Strategy Board;

            b.        appoint two nominated Council officers to be representatives of the Council on the Joint Venture Board to oversee and deliver the day to day activities of the joint venture vehicle;

            c.        approve the Annual Business Plan, Annual Accounts and other applicable control and management member matters of the Joint Venture entity; and its terms of reference have been amended accordingly.

Reasons for Decisions:

i.      These recommendations enable SCC to assist in enhancing economic prosperity within the County, through the delivery of mixed use development schemes, and potentially securing a long term revenue stream to the Council.

ii.     Entering into the proposed Joint Venture will provide SCC with an ability to secure the following objectives:

          (a)        establish a delivery model, which can act as an agent for economic growth and social activity, delivering housing and mixed use developments;

          (b)        create a focus for skills & training development and local employment opportunities;

          (c)        utilise its assets, ensuring efficiencies, site optimisation and achieving best value and allowing a pipeline of sites to be made available to the JV partner to ensure economies of scale and scope to the programme of activities;

          (d)        support delivery of key components of the Investment Strategy;

          (e)        secure a significant, pre-committed and long term partner able to bring capital and expertise to the region;

           (f)        support and benefit from wider collaborative opportunities through offering the vehicle to those public sector partners seeking a development delivery vehicle that satisfies their own corporate asset related objectives.

[The decisions on this item are subject to call in by the Corporate Services Select Committee]