{meta} Decision - Plot E7/E8 Chapel Street

Decision details

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Salford City Council - Record of Decision

 

I Paul Dennett, City Mayor, in exercise of the powers contained within the Salford City Council Constitution do hereby approve (i) the drawdown of the Council owned land at Plot E7/E8 Chapel Street by English Cities fund in accordance with the provisions of the Overarching Development Agreement for Salford Central, (ii) the subsidy from the Development Trust Account for the Salford Central project set up to utilise surpluses from more viable phases of the Salford Central project to cross subsidise less viable sites and (iii) the shared legal service complete the legal documentation.

The Reasons are to progress the next phase of development along Chapel Street in accordance with the Overarching Development Agreement between the Council and English Cities fund and to ensure less viable phases are delivered across the wider project. The variable heights, quality of materials and finishes, enhanced public realm and complexities in building over the existing BT tunnel and access located on this site have increased costs to the extent where cross subsidy from the Development Trust Account is required. There is also additional grant funding secured from the government’s Housing Infrastructure Fund to assist with the development of the site.

Options considered and rejected were – None

Assessment of Risk - Low

The source of funding is – Salford Central Development Trust Account

Legal Advice obtained – Yes, Michelle Brice (Principal Solicitor)

Financial Advice obtained – Yes, Chris Mee (Strategic Finance Manager)

The following documents have been used to assist the decision process: Report submitted to Property/Regeneration Briefing on 27 June 2019

 

Contact Officer:  Dave Norbury     Tel No: 0161 779 6121

 

This decision is not subject to consideration by another Lead Member or Strategic Director

The appropriate scrutiny panel to call-in the decision is the Growth and Prosperity Scrutiny Panel.

 

 

Signed: Paul Dennett

City Mayor

Dated: 27 June 2019

 

 

This decision was published on Friday, 5 July 2019                                              

This decision will come in force at 4.00 pm on Friday 12 July 2019 unless it is called-in in accordance with the Decision Making Process Rules.

 

Publication date: 05/07/2019

Date of decision: 27/06/2019

Decided at meeting: 27/06/2019 - Property / Regeneration Briefing

Date comes into force if not called in: 13/07/2019

Call-in deadline date: 12/07/2019

Accompanying Documents: