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(i)          
That the progress made to date by Capital&Centric on the York Place, Midway Car
Park and The Ryecroft projects in
Newcastle Town Centre be noted;
 
(ii)        
That, subject to Council approval of the funding as set out in
Recommendation 3:
 
a.    
The Deputy Chief Executive, in consultation with the Portfolio
Holder for Finance, Town Centres and Growth, and the Portfolio
Holder for One Council, People and Partnerships, be authorised to
progress legal agreements to enable the appointment of Capital&Centric under three Pre-Development
Services Agreements (PDSA) for the development of the three schemes
through a direct award under the Pagabo
Development Management Framework.
 
b.    
That the Deputy Chief Executive, in consultation with the Portfolio
Holder for Finance, Town Centres and Growth, and Portfolio Holder
for One Council, People and Partnerships, be authorised to enable
re-development works to commence on York Place, through
Capital&Centric’s PDSA, at a
cost not exceeding £500,000 (the cost of which is included in
the overall budget).
 
(iii)           
Recommends that Council approve expenditure of up to
£2,649,000 to develop the three schemes to the end of RIBA
Stage 3, and the submission of planning applications.