Decision Maker: Director of Economic Growth and Neighbourhood Services, Director of Resources
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Cabinet previously agreed the release of
funding from the Economic Growth Initiative Fund, to produce a more
detailed business case for the Feethams Office development. TVCA
funding has been secured subject to due diligence and an
application for ERDF funding made.
The submitted report outlined the background to the proposed
development and the financial and funding implication, stated it
had not been possible to pre-let the space prior to commencing
development and that the establishment of Grade A office
accommodation in the Town Centre is seen as a significant
regeneration scheme and job creation opportunity.
That, subject to receipt of satisfactory
funding, authority be delegated to the Director of Economic Growth
and to the Assistant Director Law and Governance to enter into the
construction contract for the design and construction of the office
and public realm.
That authority be delegated to the Director of Neighbourhood
Services and Resources to enter into the grant funding agreements,
on the terms as set out in the March 2018 Cabinet report.
Reasons -
(a) To continue the strategic development of Feethams, in line with
the Feethams masterplan.
(b) To attract more professional, business and office-based jobs to
the centre of Darlington contributing to Town Centre
vitality.
(c) To enable the project to advance in line with the desired
timetable.
(d) To put in place funding for any revenue deficits from the
scheme.
N/A
Publication date: 08/07/2020
Date of decision: 06/03/2018