This is a default template, your custom branding appears to be missing.
The custom branding should be at https://www.portsmouth.gov.uk/global/moderngov/pcc/pcc_template if you cannot load this page please contact your IT.

Technical Error: Error: The underlying connection was closed: The connection was closed unexpectedly.

Issue

Issue - meetings

• Melbourne Place & Dorothy Dymond Car Park exchange

Meeting: 27/07/2020 - Cabinet Member - the Leader (Item 5)

5 Melbourne Place & Dorothy Dymond Car Park exchange pdf icon PDF 137 KB

Purpose

 

This report sets out the proposed property opportunities available to the Council working with the University of Portsmouth (UOP).

 

The Council and the UOP have agreed Heads of Terms for the Council to potentially purchase the Melbourne Place carpark from the UOP whilst simultaneously disposing of the Dorothy Dymond (also known as Guildhall Walk) carpark to the UOP. The Heads of Terms are attached at the confidential appendix A.

 

 

RECOMMENDED

 

The Leader is recommended to give delegated authority to the Director of Regeneration, on the advice of the City Solicitor, to negotiate and complete acquisitions and disposal of Melbourne Place and Dorothy Dymond carparks.

 

Additional documents:

Decision:

DECISION:

 

The Leader gave delegated authority to the Director of Regeneration, on the advice of the City Solicitor, to negotiate and complete acquisitions and disposal of Melbourne Place and Dorothy Dymond carparks subject to consultation before sign off with the four Group Leaders about the details of the overage provision.

 

Minutes:

Tom Southall introduced the report explaining that essentially this represented a land swap. During discussion concerns were raised that this represented the council giving up an income stream but this could be offset given the future development opportunities for Melbourne Place. The report was seeking in principle agreement and details concerning overage would be the subject of negotiation.

It was agreed to add in extra wording to the decision so that there would be consultation before sign-off with the 4 group leaders about the details of the overage provision

 

DECISION:

 

The Leader gave delegated authority to the Director of Regeneration, on the advice of the City Solicitor, to negotiate and complete acquisitions and disposal of Melbourne Place and Dorothy Dymond carparks subject to consultation before sign off with the four Group Leaders about the details of the overage provision.