Issue details

Exempt - Centre Square Further Office Provision

That the Executive approves prudential borrowing up to a maximum of £305,000 to create an additional 4,589 sq. ft. office suite at 1 Centre Square; and
? approves that provided the holistic budget limit is not exceeded, that the Director of Regeneration be delegated authority on all decisions pertaining to development management, including:
- procurement and contractual arrangements;
- appointment of specialist advisors and commercial agents;
- lease eligibility criteria and incentives within the envelope of a reasonable return on investment; and
- marketing and communications.

Decision type: Key

Reason Key: Expenditure > £150,000;

Decision status: Recommendations Approved

Wards affected: Central;

Notice of proposed decision first published: 08/06/2022

Anticipated restriction: Fully exempt  - View reasons

Decision due: 12 Jul 2022 by Executive

Lead member: Executive Member for Regeneration

Lead director: Director of Regeneration and Culture

Contact: Steve Fletcher, Head of Development Email: Steve_Fletcher@middlesbrough.gov.uk.

Agenda items