Decision details

To approve the facilitation of the development of creative space for creative industry / retail start-ups and to house a growth hub.

RESOLVED THAT:

1.    the proposal for facilitating the Workshop Cheltenham project, including a tier 2 growth hub, on Chester Walk car park, be approved.

2.    the freehold disposal of that part of St George’s Road car park (shown edged red on Plan 1) to Gloucestershire County Council as consideration for the acquisition of land at Chester Walk (shown edged on Plan 2) be approved.

3.    authority be delegated to the Director of Corporate Projects, in consultation with the Cabinet Member for Finance and Assets and the Head of Property and Asset Management, to settle Heads of Terms for the exchange of land referred to in recommendation 2) above and for the grant of a lease, not exceeding 10 years from the date of grant, at a rent representing the best consideration that can reasonably be achieved;

4.    the Borough Solicitor be authorised to enter into any legal agreements considered necessary or desirable for the Council to put into effect the recommendations in this report.

5.    the necessary capital expenditure on works at St George’s Road car park pursuant to the land swap be approved, as per paragraph 5.2 and delegates’ authority to the Head of Property and Asset Management to agree and implement the works with GCC.