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

 

(ii)        
That expenditure of up to £854,117 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 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.