Issue - meetings

RESOLVED -

(i)         That the funding to enable the signing of a preconstruction services delivery agreement with Wilmott Dixon via the        SCAPE Major Works Framework and the Council costs,            for the development of the new office accommodation, up   to Cabinet approval of the final business case be     approved, as set out in the report.

(ii)        That the Acting Strategic Director, Economy, Innovation      and Growth be given delegated authority, in consultation     with the Strategic Directors, Corporate Services and          Governance and Resources and Digital, to agree the final   terms, scope and costs of the delivery agreement and         contracts.

(iii)       That a further report be received setting out the updated     business case and subsequent recommendations    regarding the development.

(A)       To support the delivery of the Thrive pledge to invest in our             economy to provide sustainable opportunities for     employment, innovation and growth across the borough, to             provide more and better jobs.

(B)       To facilitate further development in one of Gateshead’s       primary employment areas – Baltic Quarter.

(C)       To provide Grade A office accommodation to meet demand for move-on office space in Gateshead and            Newcastle.

(D)       To create an income generating asset for the Council,         expected to deliver a profit over its lifetime.

(E)       To give confidence to the market that the Council, as a        corporate body, is committed to creating the right     environment in which businesses can grow and prosper      and assist in the process of driving rents upwards to a         level at which the private sector can re-enter the market.

(F)       To demonstrate that the Council, as a developer, can          deliver a distinctive and high quality product to the market, establishing the Gateshead Quays/Baltic Quarter as a         viable business location of choice for end users.