Resolved – That

1.  The work completed since the previous update to Committee on this matter be noted.

2.  The regeneration benefits that the delivery of a Maritime Knowledge Hub on this site would deliver along with the risks to the Council should the committee choose to progress with the proposal be noted.

3.  The risks to the Council should committee choose to progress the proposal be noted.

4.  The Director of Regeneration and Place be directed to bring discussions on this matter to a close with Peel LLP and not proceed to agree the Heads of Terms.