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1.   
Noted the positive interest from developers in both Portsmouth as a
city and City Centre North (CCN) as a regeneration project,
following the conclusion of the recent Preliminary Market
Engagement (PME) process.

2.   
Noted the delivery options and commence the next phase of the
project, as per the recommendations outlined in the attached Mace
report (Executive Summary Appendix A, and Full report in the
confidential exempt Appendix B).  This
is to seek an agreement with a Master Developer to deliver the
vision for the City Centre.

3.   
Delegated authority to the Assistant Director of Property &
Investment and Assistant Director of Procurement, in consultation
with the Leader, to:
3.1 Following determination of the
preferred option, procure a Master Developer
partner.
3.2 Prepare a Development
Management Services Agreement (DMSA) to be entered into with the
Master Developer Partner.
3.3 Commission key site surveys to
support the DMSA Business case.
3.4 Incur expenditure as required
to progress these activities and other associated activities
related to the scheme up to the estimated value of £2.63m
(exempt Appendix C).

4.   
Noted that a further report seeking authority to enter into the DMSA with
the Master Developer, enabling the preparation of a detailed
business case will be brought to Cabinet in summer 2026.

5.   
Supported the submission of the Strategic Outline Business Case
(SOBC) for the City Centre Road project to the Department of
Transport via the Major Road Network Fund (noting this is currently
under review by DfT).