Purpose

1.      
To progress the delivery of the Atlantic Wharf
Regeneration.
 

2.      
To agree the car parking strategy for Atlantic Wharf
which will deliver on the Councils obligations within the
Development Fund Agreement (DFA) with Live Nation for the delivery
of the new Indoor Arena and meet the obligations associated with
Red Dragon Centre.
 

Content

Appendices 2,3,4,5,6, 8 and 9 of this report are not
for publication as they contain exempt information of the
description contained in paragraphs 14 and 16 of Part 4 and
paragraph 21 of Part 5 of Schedule 12A of the Local Government Act
1972.
 
RESOLVED: that
 

i)         
It be noted that the market exercise for the
redevelopment of land marked as Area B on the plan attached at
Appendix 1 and authority be delegated to the Director of
Economic Development in consultation with the Cabinet Member for
Investment and Development, the Section 151 Officer and the Legal
Officer to:

 

a.   
negotiate and enter into an exclusivity agreement
with the ‘Preferred Bidder’.

 

b.   
negotiate an option agreement contract with the
‘Preferred Bidder’ and to return to Cabinet for final
approval.
 

ii)     
the amended car parking strategy for the Atlantic
Wharf regeneration scheme as set out at Confidential Appendices
4 be notedand the alteration of the
Indoor Arena Development Fund Agreement with Live Nation be
authorised to reflect this new approach.
 

iii)    
the acquisition of the Pierhead Street MSCP be
authorised on the terms set out at Confidential Appendix 6
and authority be delegated to the Director of Economic Development
in consultation with the Cabinet Member for Investment and
Development, the Section 151 Officer and the Legal Officer to
complete the acquisition.

 

iv)     
the appropriation of land for planning purposes as
set out at Appendix 7 be approvedand
authority be delegated to the Director of Economic Development to
appropriate future parcels as outlined.
 

v)     
the proposal for Lloyd George Avenue as set out at
Appendix 8 & Confidential Appendix 9  be noted and a consultation
exercise to consider the proposal be authorised.