Decisions

This E2 paper identifies the Cavendish Road site as an opportunity to deliver Derbyshire County -2015 priorities.  The primary purpose of the project is to deliver regeneration objectives.

This proposal examines the opportunity for development and disposal of the site to facilitate the delivery of new housing, including new affordable homes, on underutilised council owned land. The secondary objective is to maximise value - profits generated from this project could then be recycled through Develop Renew to unlock and expedite further projects that will deliver further regeneration objectives and DCC Council Plan priorities, including implementation of Older Peoples Housing, Accommodation and Support Strategy and Climate Change Strategy.

The paper sets out the proposed scheme that will be submitted for pre-application planning advice and the marketing process for disposal to maximise land value.  The report seeks Partnership Board approval of the business case and E2 Project Budget of £15,000 to deliver the strategy.

That the Cabinet Member:

1.    approves to seek to dispose of Cavendish Road, Matlock by way of an option agreement to Develop Renew Partnership subject to CIPFA validation;

2.    allocates £15,000 for the Cavendish Road Project Budget to support the business case for Develop Renew to deliver the strategy before proceeding to the E3 Stage; and

3.    authorises the Director of Property to negotiate the terms of the option agreement and to instruct the Director of Legal and Democratic Services to prepare and conclude all legal documentation that may be required in respect of it.

Approval is sought to accept the highest offer for a vacant land site at Upper Mantle Close, Clay Cross, S45 9NU.

That the Cabinet Member:

1.            accepts the highest offer received of £630,000 following the Open Marketing process and on the recommended of FHP Ltd the external Commercial Agent;

2.            authorises the Director of Corporate Property to negotiate and agree heads of terms for the disposal with the recommended purchaser; and

3.            that the Director of Corporate Property to instruct the Director of Legal and Democratic Services to prepare the necessary documentation for the sale to be capitalised.

That the Cabinet Member approves, under Protocol 2a of the Council’s Financial Regulations, the use of the North East Procurement Organisation (NEPO) Framework for the provision of specialist professional services.

That the Cabinet Member:

Approves to waive the requirement of a Guarantee Bond totalling £116,672 regarding the proposed development at two locations, one at land off Portland Road and the other at Market Close, Shirebrook which are to be undertaken by Bolsover District Council under Section 38 and Section 278 Agreements of the Highways Act 1980.