Purpose

To provide an update on the new
Indoor Arena project, present the outcome of the procurement
exercise for the Multi Storey Car Park. 
To present a position statement relating to the Red Dragon
Centre.

Content

 

Appendices 1-3 & 5-9 of this report are not for
publication as they contain exempt information of the description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
 

1)         
an extension and variation to the Pre-Contract
Service Agreement (PCSA) for the delivery of the new Indoor Arena
in line with the legal conditions set out at Confidential
Appendix 1 and the Financial Report Confidential Appendix
9 be approved.

 

2)         
the Development and Funding Agreement (DFA) attached
at Confidential Appendix 1 be approved and
authority be delegated to the Director of Economic Development, in
consultation with the Cabinet Member for Investment &
Development, the Section 151 Officer and the Legal Officer
to:
 

a.    
approve the final terms of the DFA and in so doing
approve any
amendments to the legal documentation
approved as may be
necessary, for reasons including,
but not limited to
ensuring consistency between them and finalising any outstanding
areas; and

 

b.    
approve any further
deeds and documents which are ancillary to the legal
documents approved;
 

with entry into the DFA being
subject to approval of the funding strategy at a
future meeting of Cabinet.
 

3)         
the Outline Project Proposal for the
Capella Production Studios as set out at Confidential Appendix
7 be approved.
 

4)         
the procurement strategy set out at Confidential
Appendix 6 including the development of a Full Business Case
for the Capella Production Studios proposal as set out at
Confidential Appendix 7 and a Full Business Case for the
development plan for Area A as set out at Appendix 4
be approved and authority be delegated to the
Director of Economic Development, in consultation with the Cabinet
Member for Investment & Development, the Section 151 Officer
and the Legal Officer, to deal with all aspects of the procurement
strategy and to return to Cabinet for approval of the Full Business
Cases in advance of the appointment of any contractors.
 

5)         
a further market testing exercise for the area
marked B on the plan attached at Appendix 4 be approved to
assist with the completion of the Outline Business Case for the
redevelopment of the Red Dragon Centre and authority be delegated
to the Director of Economic Development, in consultation with the
Cabinet Member for Investment & Development, the Corporate
Director of People and Communities, the Section 151 Officer and the
Legal Officer, to identify land to support the Council’s
Partnering Scheme as set out in this report.