Issue - meetings

Consideration was given to a report which provided an update regarding the proposals for redevelopment of the market hall site within the wider town centre regeneration project.  The report reminded Members of the options which had been available with regard to the future of the market hall site.   Appendix 2 of the report gave details of the Official Journal of the European Union (OJEU) procurement process.

RECOMMENDED:

(a)       that the market hall site be marketed in accordance with the Official Journal of the European Union (OJEU) procurement process under a long lease and that specific conditions be placed on the marketing and development of the site in accordance with the issues and options consultation, spatial report results and wider commercial advice;

(b)       that authority be delegated to the Executive Director (Partnerships and Projects), the Head of Legal, Equalities and Democratic Services and the Head of Financial Services to undertake the marketing in accordance with (a) above; and

(c)        that with effect from 1st March 2009 the market hall be closed and officers be tasked with developing a programme that will maximise the letting potential of this site during the intervening period; and that in the event that no interim letting arrangements are achieved, an interim report be presented to the Council to review this option.