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1) That delegated authority be granted to the
Head of Property and Regeneration, in consultation with the
portfolio holders for finance and property, to decide on the most
appropriate delivery model to achieve the council’s
regeneration aspirations for Beach Street.  
 
This would mean either: 
 
i) to implement
the necessary steps to deliver the regeneration scheme in Phases 1
and 2, as outlined in Option 3 of this report. This includes, but
is not limited to, applying for new planning permissions, procuring
a main contractor and professional team, and any other related
tasks required to advance the development on the Beach Street
regeneration site. 
 
ii) If Phase 2 cannot be delivered or if, for
any reason, the approach does not deliver the council’s
regeneration aspirations, to dispose of the site designated for
Phase 2 to generate a capital receipt. 
 
2) That delegated authority be granted to the
Head of Legal to enter into any legal
documentation required to enable the above.   
3) That delegated authority be granted to the
Director of Finance (s151 officer) to decide the most financially
advantageous route for funding any potential scheme
delivery.   
 
4) That a budget of £350,000 be
allocated from existing capital budgets to allow the progression of
the scheme on the basis of the
recommended Option 3.