Issue - items at meetings - New England House & Longley Industrial Estate

Joint report of the Acting Executive Director for Environment, Development & Housing and the Interim Executive Director for Finance & Resources (copy attached).

1)    That the committee agrees the Heads of Terms (“HoTs”) set out in Appendix 1, as forming the basis for a development agreement with Arcus-PCD, in order to work towards the integrated mixed-use development of the New England House and Longley Industrial Estate sites and secure the refurbishment and expansion of New England House, together with substantial levels of new employment floorspace and housing.

2)    That the committee notes that the HoTs includes reference to the possible use of compulsory purchase powers to acquire the long leasehold interest of the Longley Industrial Estate, while continuing to help facilitate an agreed sale of the lease from the current leaseholder to Arcus.

3)    That the committee authorises the Head of Legal Services to enter into (a) the development agreement referred to in the HoTs and if compulsory purchase is not required  (b) the lease referred to in the HoTs,

4)    That the committee agrees that if the development agreement is entered into but the parties agree that compulsory purchase of the leasehold interest referred to in 2.2 is necessary, a further report will be required to authorise the making of such an order.

92.1       The Committee considered a joint report of the Acting Executive Director for Environment, Development & Housing and the Interim Executive Director for Finance & Resources in relation to New England House & Longley Industrial Estate. The purpose of the report was to request agreement to work towards a development agreement with Arcus-PCD, in order to secure a mixed use development across the New England House and Longley Industrial Eatate sites that would provide for the refurbishment and expansion of New England House along with significant levels of new employment floor space and housing.

92.2       Councillor Mitchell noted the proposals provided the opportunity to improve the whole area generally.

92.3       The Chair noted this scheme would add to the success story of the New England Quarter; as well as the digital sector in the city and generate growth.

92.4       The Chair moved that the Committee exclude the press and public under Section 100A(4) of the Local Government Act 1972 to consider the information contained in the Part Two appendices to the report.

92.5       When the Committee moved back into Part One the Chair put the recommendations to the vote.

92.6       RESOLVED:

1)        That the committee agrees the Heads of Terms (“HoTs”) set out in Appendix 1, as forming the basis for a development agreement with Arcus-PCD, in order to work towards the integrated mixed-use development of the New England House and Longley Industrial Estate sites and secure the refurbishment and expansion of New England House, together with substantial levels of new employment floorspace and housing.

2)        That the committee notes that the HoTs includes reference to the possible use of compulsory purchase powers to acquire the long leasehold interest of the Longley Industrial Estate, while continuing to help facilitate an agreed sale of the lease from the current leaseholder to Arcus.

3)        That the committee authorises the Head of Legal Services to enter into (a) the development agreement referred to in the HoTs and if compulsory purchase is not required  (b) the lease referred to in the HoTs,

4)        That the committee agrees that if the development agreement is entered into but the parties agree that compulsory purchase of the leasehold interest referred to in 2.2 is necessary, a further report will be required to authorise the making of such an order.