Decision details

To consider the recommendations.

RESOLVED THAT

1.    the procurement route to market as set out below be approved :

a.    The Council seek a delivery partner with skills and experience of a Master Developer;

b.    The delivery partner is secured for all of the Council’s ownership and it is intended there is no separation of the commercial and residential elements of the proposed scheme;

c.    The structure of the agreement is likely to be delivered through a Development Agreement or a Joint Venture, to be defined during dialogue with bidders;

d.    Due to the Council’s objectives and need to retain a degree of control over the development, the opportunity will need to be procured following EU procurement rules and it is recommended the Competitive Dialogue procedure is followed;  and

e.    Flexibility is built into the procurement and contract in order to allow for delivery over a lengthy time period, where there will be changes in policies, legislation and market conditions.

2.    the draft timetable for procurement noting key stages and time allowed be noted.

3.    Authority be delegated to the Managing Director Place and Growth, in consultation with the Cabinet Member Development & Safety and Executive Director Finance and Assets to make key decisions through the dialogue and shortlisting stages of the procurement process.  The final decision on the preferred bidder will be a decision of Cabinet prior to any contract close.