Decision details

The Economic Development Manager and the Northern Gateway Project Manager presented a report to update members 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 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). The Northern Gateway Project Manager advised that 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 further resolutions to be sought from Cabinet and Full Council.

The report noted that the redevelopment of the former Coop building was an integral part of the Northern Gateway Scheme and an essential component of the council’s town centre master plan. The Northern Gateway Project Manager advised that Chesterfield currently lacked a family orientated restaurant offer, and the planned redevelopment would therefore broaden the appeal of the town centre as a ‘destination’ and would help to attract new visitors and shoppers to the town.

*RESOLVED –

That it be recommended to Full Council:

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.

REASON FOR DECISIONS

To ensure the redevelopment of the former Co-op Building on Elder Way proceeds in a way that fits with Chesterfield Borough Council’s SCRIF delivery programme, and in doing so, realise the physical, social and economic benefits of the development and stimulate investor confidence in Chesterfield town centre.