Council and Democracy

Agenda item

Land Acquisition - Station Masterplan area

Decision:

*RESOLVED –

 

1.   That the acquisition and leasing of land to support delivery of the emerging HS2 Station Masterplan, as detailed in the officer’s report, be approved.

 

2.   That the Executive Director, in consultation with the Cabinet Member for Economic Growth, be granted delegated authority to continue to negotiate the details of the heads of terms, in line with the due diligence advice, and, subject to satisfactory agreement, enter into a conditional contract leading to the acquisition and leasing of the specified land.

 

3.   That the Executive Director, in consultation with the Cabinet Member for Economic Growth, be granted delegated authority to enter into a funding agreement with D2N2 LEP to support the acquisition and associated works such as demolition, site preparation and investigation; planning application submission and other activities which will assist the development and delivery of the HS2 Station Masterplan.

 

REASON FOR DECISIONS

 

The acquisition of a strategic site adjacent to Chesterfield railway station will support the Council to achieve its growth objectives and kick-start the delivery of the emerging HS2 Station Masterplan. The short-term availability of LEP grant funding allows the Council and its partners to work at a pace and scale which could not be supported by the Council’s own resources.

Minutes:

The Executive Director presented a report seeking approval to acquire a key strategic site to support delivery of the emerging HS2 Masterplan for the station area. The purchase of the site would be funded from the Local Growth Fund programme as part of the Council’s HS2 Strategic Sites Project; however this was still subject to final approval of the full business case, which had recently been submitted to the D2N2 Local Enterprise Partnership.

 

*RESOLVED –

 

1.   That the acquisition and leasing of land to support delivery of the emerging HS2 Station Masterplan, as detailed in the officer’s report, be approved.

 

2.   That the Executive Director, in consultation with the Cabinet Member for Economic Growth, be granted delegated authority to continue to negotiate the details of the heads of terms, in line with the due diligence advice, and, subject to satisfactory agreement, enter into a conditional contract leading to the acquisition and leasing of the specified land.

 

3.   That the Executive Director, in consultation with the Cabinet Member for Economic Growth, be granted delegated authority to enter into a funding agreement with D2N2 LEP to support the acquisition and associated works such as demolition, site preparation and investigation; planning application submission and other activities which will assist the development and delivery of the HS2 Station Masterplan.

 

REASON FOR DECISIONS

 

The acquisition of a strategic site adjacent to Chesterfield railway station will support the Council to achieve its growth objectives and kick-start the delivery of the emerging HS2 Station Masterplan. The short-term availability of LEP grant funding allows the Council and its partners to work at a pace and scale which could not be supported by the Council’s own resources.