Issue - items at meetings - Black Rock Development
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Black Rock Development
Meeting: 10/07/2008 - Cabinet (pre 2012) (Item 45)
Black Rock Development
Report of the Director of Strategy & Governance (copy attached). [Exempt Category 3]
Decision:
1) To note the progress made in the last 12 weeks by Brighton Arena Ltd in reaching final terms with a new lead investor for the Black Rock Development project.
2) To reconfirm a 5 month extension to the Long Stop Date in the Development Agreement with Brighton Arena Limited originally approved by Policy & Resources Committee at their meeting on 3 April 2008, to allow the Developer to secure final terms with their lead investor and thereby enable a planning application to be made.
Minutes:
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45.1 |
The Cabinet considered a report of the Director of Environment that documented progress to date on the Black Rock development and in particular progress made by the Developer in securing new funding for the project. The report detailed progress made since a deadline of 14 March 2008 was set by the Developer for the submission of Best and Final Offers from investors.
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44.2 |
RESOLVED –That the recommendations contained in the report be agreed.
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