Mr
William Cornall, the Director of Regeneration & Place,
presented a joint venture proposal to the Committee regarding the
redevelopment of the Brunswick Street and Union Street car
parks.
RESOLVED:
1.
That the financial returns and joint venture
proposal for both schemes shown at Appendix 1 and Appendix 2, which
support the Housing Development and
Regeneration Investment Plan, are
approved.
2.
That the Director of Finance and Business
Improvement is granted delegated authority to appoint and enter
into a building contract and a joint venture agreement with the
preferred contractor Purelake New Homes
Ltd.
3.
That the Director of Finance and Business
Improvement is granted delegated authority to appoint and enter
into a development agreement with the preferred affordable housing
provider MHS Homes Group, together with any related legal actions
and agreements which may be required to facilitate the
development.
4.
That the Head of Mid Kent Legal Services is
authorised to appoint the Solicitors required to complete the necessary contract documentation and
agreements associated with the developments
on the terms as agreed by the Director of
Finance & Business Improvement.
5.
That the Director of Finance and Business
Improvement is granted delegated authority to appoint an estates
and facilities management organisation to manage the market rental
apartments on both schemes.
Voting: Unanimous