Purpose

Park House in Park Place, Cardiff, is a Grade I
listed building and has occupied a prominent space in our
city  close to the National Museum for
over 150 years. The property’s condition has deteriorated and
it is now at risk. The Council is working with an investor and
Welsh Government to develop a business case for support.
 

Content

Following
publication of papers on the 11 October, it was identified that an
incorrect version of Confidential Appendix 2 had been
published.  The amended version was
circulated to Scrutiny Members and Cabinet Members ahead of their
consideration of this item.
 
RESOLVED:
that
 

1.      authority be delegated to
the Director of Economic Development and the Corporate Director of
Resources, in consultation with the Cabinet Member for Finance,
Modernisation & Performance and the Cabinet Member for
Investment & Development, to clarify and agree acceptable
funding terms of a loan with Welsh Government.

2.      Subject to recommendation
1, a loan of £1.63 million be made to the applicant on
conditions set out in Confidential Appendices 2 & 7.