54 Future Development of Middlehaven PDF 377 KB
Additional documents:
Minutes:
Following a declaration of interest
in respect of the following item, the Mayor left the meeting at this point. For
the remainder of business, Councillor Smiles chaired
proceedings.
The Executive Member for
Regeneration and the Director of Regeneration and Culture submitted a report
for the Executive’s consideration. The purpose of the report was to set out the
approach to be taken for the development of Middlehaven,
and the agreement proposed to enable BCEGI to facilitate the development of
over 500 new homes at St Hilda’s.
In summary, the approach planned to
focus on developing four distinct, but overlapping zones that would have their
own characteristics and their own target markets, but blend to form a single
cohesive community. The four zones were identified as:
·
Digital & Creative
Hub (see paragraph 12 of the submitted report);
·
St Hilda’s Neighbourhood (see paragraph 13);
·
Education Quarter (see
paragraph 14); and
·
Middlehaven Docks (see paragraph 15).
To enable the coherent delivery of
the next phase of development at Middlehaven, it was
necessary for the land at St Hilda’s to be formally made available to BCEGI as
the Council’s strategic partner. As a result, a five-year option agreement had
been prepared that planned to allow BCEGI the certainty to commit significant
funds to further design, planning and preparatory work that would be essential
to taking forward the construction of new housing and commercial space within
that zone.
The basis of the option agreement
was outlined at paragraphs 20 to 25 of the submitted report and Appendix II
outlined the area covered by the agreement.
ORDERED
1. That the planned
approach to the development of Middlehaven be
approved.
2. That the granting of an
option agreement to BCEGI to facilitate the development of St Hilda’s be
approved.
3. That agreement of the
final terms of the agreement (and any variation to those set out in the
submitted report) be delegated to the Director of Regeneration and Culture and
the Council’s Section 151 Officer.
REASON
The
redevelopment of Middlehaven was key to the future
economic growth of the town. The funding identified to deliver the Council’s
aspirations at Middlehaven was now available, but
needed to be applied to a coherent strategy and phasing plan, and delivered in
partnership with an organisation that was capable of
taking it forward.