Decision details

HMRI - APPOINTMENT OF LOVELL AS THE COUNCIL'S PREFERRED DEVELOPER PARTNER FOR TRANMERE

Decision Maker: Cabinet

Is Key decision?: Yes

Is subject to call in?: Yes

Decisions:

The Director of Law, HR and Asset Management sought Cabinet’s approval to formally appoint Lovell as the Council’s preferred private developer partner for delivering housing market renewal in Tranmere.

 

Resolved: - That

 

(1)  the inclusion of land in Tranmere within the Church Road Development Programme as set out in Appendix I be agreed;

 

(2)  a Development Agreement be entered into with Lovell to redevelop the Church Road area of Tranmere;

 

(3)  the current Global Development Appraisal and Preliminary Development Appraisal for Phase 1 of Church Road as set out in Appendix II be noted;

 

(4)  the likelihood that the Council will be required to provide gap funding for Phase 1 of the Church Road scheme – the retail element – to ensure it is viable and proceeds in 2009/10 be noted;

 

(5)  a further report be received in the near future regarding the development programme, notably the level of gap funding required for Phase 1 and the requirement to enter into a building lease for Phase 1;

 

(6)  make available the sites at Church Road for development and subsequent private freehold ownership as set out in this report; and

 

(7)  the continued engagement of Tweeds as cost consultant advisers be approved to finalise and monitor the development programme on the same terms as reported to the Housing and Community Safety Overview & Scrutiny Committee on 26th September 2007 (minute 16).

Publication date: 24/03/2009

Date of decision: 19/03/2009

Decided at meeting: 19/03/2009 - Cabinet

Effective from: 01/04/2009

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