Issue - meetings

Report of Director of Regeneration and Planning

Lead Cabinet member: Councillor Jonathan Dow

(KEY) (1) That the progress made to date in terms of the acquisition and management of Hampden Retail Park be noted. (2) To agree to allocate up to £9,000,000 within the Council’s capital programme, for the further development of land and property at Hampden Retail Park in order to meet the objectives set out in the Asset Management Plan. (3) To delegate authority to the Director of Regeneration and Planning, in consultation the Strategic Property Board; and the Council’s Section 151 Officer; to negotiate and finalise land and property acquisitions at Lottbridge Drove. (4) To delegate authority to the Director of Regeneration and Planning, in consultation with the Director of Service Delivery, and the Chief Finance Officer, and Assistant Director – Legal and Democratic Services, to progress the project through the Energy & Sustainability Joint Venture (JV) if they consider it appropriate and at an appropriate future stage to decide the project should be put forward to the JV Steering Board for inclusion as a Part 1 and/or Part 2 project. (5) To delegate authority to award any of the contracts in relation to recommendation 4 above to the Director of Regeneration and Planning; such delegation to include approval to a waiver of the Contract Procedure Rules (sought under CPR 2.4.1 (a)) for those appointments.

The Cabinet considered the report of the Director of Regeneration and Planning regarding the programme of works proposed at Hampden Park Retail Park, and to recommend a development proposal which would generate the income to maintain frontline council services.

The cost estimate of the project was detailed in 2.12 of the report and the proposed site plan in comparison to the existing site plan was detailed at appendix A to the report.

By investing in its property assets, the Council would contribute to ensuring the long term sustainability of its asset base which would contribute to unlocking housing, regeneration and community benefits.

Resolved (key decision):

(1) That the progress made to date in terms of the acquisition and management of Hampden Park Retail Park be noted.

(2) To agree to allocate up to £9,000,000 within the Council’s capital programme, for the further development of land and property at Hampden Park Retail Park in order to meet the objectives set out in the Asset Management Plan.

(3) To delegate authority to the Director of Regeneration and Planning, in consultation the Strategic Property Board; and the Council’s Section 151 Officer; to negotiate and finalise land and property acquisitions at Lottbridge Drove.

(4) To delegate authority to the Director of Regeneration and Planning, in consultation with the Director of Service Delivery, and the Chief Finance Officer, and Assistant Director – Legal and Democratic Services, to progress the project through the Energy & Sustainability Joint Venture (JV) if they consider it appropriate and at an appropriate future stage to decide the project should be put forward to the JV Steering Board for inclusion as a part 1 and/or part 2 project.

(5) To delegate authority to award any of the contracts in relation to recommendation 4 above to the Director of Regeneration and Planning; such delegation to include approval to a waiver of the Contract Procedure Rules (sought under CPR 2.4.1 (a)) for those appointments.

Reason for decision:

The Council is committed to levering the best performance from its investment property portfolio and opportunities to increase the performance of the asset at Hampden Park Retail Park are set out in the report.