Venue: Virtual
Contact: Kevin Ingledew Email: keviningledew@gateshead.gov.uk
Items
No. |
Item |
C39 |
Exclusion of the Press and Public
The Cabinet may wish to exclude the press and
public from the meeting during consideration of the following
item(s) on the grounds indicated:
Item
Paragraph of Schedule 12A to the Local
Government Act 1972
3
3
Minutes:
RESOLVED -
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That the press and public be
excluded from the meeting during consideration of the remaining
business in accordance with Paragraph 3 of Schedule 12A to the
Local Government Act 1972.
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C40 |
Gateshead Quays
Report of the Chief Executive and Strategic
Director, Economy, Innovation and Growth
Minutes:
Consideration has been given to
an update on the Gateshead Quays project and,
in particular, progress against each of the Development
Agreement conditions and seeking approval to take the actions
necessary to commence the development of Gateshead
Quays.
RESOLVED -
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(i)
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That it be confirmed that the
conditions within the Development Agreement have been satisfied
from the Council’s perspective, subject to the outcome of the
planning process, and authority be delegated to the Strategic
Director, Corporate Services and Governance, following consultation
with the Strategic Director, Resources and Digital, to proceed to
enter into the long term lease agreements, in accordance with the
Development Agreement, with M&G Real Estate.
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(ii)
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That the provision of a capital
contribution to A&P, as set out in the report, through the
Council’s capital programme to facilitate the development of
the scheme be approved and authority be delegated to the Strategic
Director, Resources and Digital to agree the detailed funding terms
with M&G Real Estate, and any associated variations to the
Development Agreement, following consultation with the Strategic
Director, Corporate Services and Governance.
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(iii)
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That the Council accept the
offer from the Getting Building Fund, as set out in the report,
towards the Gateshead Quays project and authority be delegated to
the Strategic Director, Corporate Services and Governance to enter
into the associated grant funding agreement with the North of Tyne
Combined Authority (on behalf of the North East Local Enterprise
Partnership) following consultation with the Strategic Director,
Resources and Digital.
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The above decisions have been
made for the following reasons:
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(A)
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To bring forward the
regeneration of Gateshead Quays, which supports the Council’s
aspiration of making Gateshead a place where everyone thrives, and,
in doing so, reaffirms the commitment to invest in the local
economy to provide sustainable opportunities for investment,
innovation and growth across the borough.
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(B)
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To manage the assets of the
Council’s non-operational portfolio in line with the
Corporate Asset Strategy and Management Plan 2015-2020.
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