Purpose

To seek approval for the Bournemouth
Development Company Business Plan, extend some contractual "Option
Execution Dates" in relation to specific sites and provide an
update in relation to the independent Local Partnerships
Review.

Content

RESOLVED that Cabinet:
-

(a)         
Agrees the principle of an extension of the
Winter Gardens site "Option Execution Date", with details to be
agreed to be delegated to the Chief Operations Officer acting in
consultation with the Leader of the Council, or until Cabinet have
had the opportunity to review a revised partnership business plan
including the site development plan for the revised Winter Gardens
scheme. 

(b)          
Instructs officers to explore the
available funding options such that a funding strategy can be
developed for the Winter Gardens project and be put forward at a
future Cabinet meeting;

(c)          
Notes the timetable for producing a new
Partnership Business Plan for BDC and a Cabinet report later this
year;

(d)          
Notes the interdependency with the current work
to review Shareholder Governance and that the composition of the
BDC Board is under review.
Voting: Unanimous
Portfolio Holders: Leader of the Council
 Housing and Regulatory Services
Reason
To contribute to
the Council’s Corporate Strategy, specifically helping to
revitalise high streets and regenerate key sites to create new
opportunities and to provide good quality homes that are
accessible, sustainable and affordable for all.
The emerging Local
Plan includes an allocation of 400 new homes in the Bournemouth Arc
area. This project offers the potential to make a significant
contribution to exceed this target.
The Council has
reserved the right for Cabinet to approve Site Development Plans
(SDP) and further approvals are necessary to vary terms.