Purpose

To present a draft Masterplan for the City
Village regeneration scheme for Members' endorsement and to seek
authority for the Council to enter into a legal Development
Agreement that will appoint a preferred development partner to
undertake the delivery of the residential led mixed use
developments that will create Bradford's new City Village
neighbourhood.  The report will also
seek an Executive resolution to authorise the use of CPO powers to
ensure that vacant possession of the Kirkgate and Oastler sites can
be secured in accordance with the Project delivery programme.

Content

Resolved –
 
That the
Executive:
 

(1)          
noted the contents of this report and the progress made to
date.

 

(2)          
approved the principle of the Council moving forward with the
City Village scheme as outlined in Option 3 at section 9.3 above by
entering into documentation to appoint a preferred developer under
the Pagabo framework which is anticipated to comprise a Development
Agreement (and any associated documentation necessary to give
effect to that agreement) between the Council and Muse Places Ltd
and Morgan Sindall Consortium LLP subject to recommendation
(4).

 

(3)          
approved the principle of the Council entering into a Grant
Funding Agreement with Homes England in respect of BIL Funding
subject to recommendations (4).

 

(4)          
delegated authority to the Strategic Director of Place, in
conjunction with the Strategic Director of Corporate Resources,
S151 Officer and Monitoring Officer, to negotiate, agree the final
form of and complete the Development Agreement (and associated
legal documents) and the Homes England BIL Grant Funding Agreement
and to report back to the Executive when this is complete.

 

(5)          
noted the Vacant Possession Strategy and agreed that a report
should be provided to the Executive as part of reporting
requirement as set out in recommendation (4).

 

(6)          
delegated authority to the Strategic Director of Place in
conjunction with the Strategic Director of Corporate Resources,
S151 Officer and Monitoring Officer to seek to negotiate and
acquire the land interests in the Committed Sites by private treaty
to secure their vacant possession for delivery of the City Village
project.
 
To be actioned
by: Strategic Director, Place
 
Overview and Scrutiny Area: Regeneration and
Environment
 
(Simon Woodhurst -
01274 433789)