Chairman informed the Committee that there were two urgent updates
for Item 10 - Phase 3 Public Realm. The reason for urgency was that
the updates gave the Committee an additional legal option for
carrying out the work outlined in the report.
Fran Wallis, the Local Economy Project Officer, presented a report
proposing to enter into a Section 278 agreement with Kent Highways
in order to carry out Phase 3 of the Public Realm regeneration
Wallis confirmed that since the report had last been taken to the
Committee, six tenders had been received and there was no shortfall
in funding due to the value of the tenders received.
options that Mrs Wallis presented to the Committee were that the
Committee could instruct the Monitoring Officer to enter into a
Section 278 agreement or do nothing. The do nothing option would
result in the scheme not progressing as a Section 278 agreement was
required for the scheme to progress.
That delegated authority is given to the Head of Mid
Kent Legal Services to enter into a s278
agreement with Kent County Council for the Phase 3 Public Realm
William Cornall, the Director for Regeneration & Place,
presented an update on the Brunswick and Union Street
Committee noted that the following changes had occurred to the
viability of the scheme, which had meant that overall financial
viability had improved:
·The Council had been awarded £658,000 from the
government’s Land Release Fund to help fund the development;
·A payment was required to be made to an existing
tenant on the site to incentivise them to give up their lease
early. This decision was contained in the existing delegation
already granted by the Committee.