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(i)         
That  the progress made
to date by Capital & Centric on the York Place project in
Newcastle Town Centre, be noted;

 

(ii)        
That expenditure of up to £836,843, be
approved,  to develop the scheme to the
end of RIBA Stage 4, for construction drawings, tender of a
contractor, programme and agreement of a final project costs for
the build out of the scheme to completion (subject to a separate
Council approval at a future date);
 

(iii)       
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 progress legal agreements to enable the appointment
of Capital&Centric under a Pre-Development Services Agreement
(PDSA) for the development of the scheme through a direct award
under the Pagabo Development Management Framework;
 

(iv)          
That that the future submission of a separate
Council Report for the final authorisation to award a construction
contract for the build out of the scheme, be noted.