Minutes:
Pursuant to Cabinet Minute No.136 the Economic Development Manager submitted a report on the outcome of commercial negotiations with Jomast Developments with regard to the redevelopment of the former Coop building in Chesterfield.
On 27 July, 2016 Full Council had approved proposals to support the re-development of the former Co-op building and had delegated authority to the Chief Executive, Leader of the Council and Chief Finance Officer, in conjunction with the Economic Growth Manager to finalise the necessary legal agreements (Minute No.17, 2016/17). However, after approval being given by Full Council further commercial negotiations had taken place which had significantly amended the terms of the original legal agreements. The revised terms were considered acceptable but required the approval of Full Council for their implementation.
RESOLVED –
1. That the progress being made in delivering the Northern Gateway scheme be noted.
2. That the preferred way forward to expedite the re-development of the former Co-op building, as detailed at section three of the officer’s report, be approved.
3. That authority be delegated to the Cabinet Member for Economic Growth in consultation with the Director of Finance and Resources and the Economic Growth Manager to finalise the terms of the agreement with Jomast developments.