Issue - meetings

The Cabinet considered a report which gave an update on the Town Centre Regeneration Programme and in particular proposed the resurfacing of the High Street and the upgrading of the Public Realm in the Primary Shopping Area.

Following discussion it was

RECOMMENDED:

(a)       that an additional £1,000,000 be included within the 2010/2011 Capital Programme to fund the majority of the upgrading of the Public Realm and resurfacing work in the High Street, with this being financed from the balance of capital receipts arising from the sale of industrial units (£500,000) together with a contribution from Worcestershire County Council from the sale of capital assets within the Town Centre (£500,000);

(b)       that a further sum of £500,000 be included within the 2011/2012 Capital Programme once a final assessment can be made of the monies available from the Section 106 Agreement with Sainsburys;

(c)        that the sum of £5,000 be allocated to the revenue budget from balances in order to extend the Regeneration Programme into 2010/2011;

(d)       that it be noted that a further report will be submitted in due course seeking approval for the final contribution of £500,000 arising from future asset disposals in the Town Centre.