Report of the Chief Executive.
The Cabinet Member with the Economy Portfolio introduced the report of the Chief Executive (previously circulated) requesting that consideration be given to the marketing of land at Ingenium Parc, as shown cross hatched on the plan (also previously circulated) and to the preferred developers of the land.
The submitted report stated that the land was in the ownership of the Council and was allocated for employment uses; an access road funded through the Tees Valley Combined Authority (TVCA) to open up the site had been constructed but developers were now required to bring forward plot(s) for potential occupiers; and that this could be by way of direct sale or Expressions of Interest through the NEPO portal with a view to selecting a Preferred Developer.
It was reported that further infrastructure in the form of additional roads, sewers and utility services might be required to open later phases for development and that if this was the case, and for the Council to remain procurement compliant, it was considered advisable for the Council to market plots on an ‘Open Tender’ basis in line with the Public Contracts Regulations 2015 and the Council’s Contract Procedure Rules.
(a) That the disposal of
plots on a direct sale and to marketing the land to seek
Expressions of Interest if required, as detailed in the submitted
report, be agreed.
(b) That Delegated Authority be given to the Chief Executive to negotiate provisional disposal terms, with the final terms being reported to a future meeting of Cabinet.
(c) That the Assistant Director Law and Governance be authorised to enter into any necessary agreements to facilitate the above-mentioned developments.
REASONS – (a) To promote new development and Economic Growth.
(b) To facilitate future expansion of Ingenium Parc and ensure the availability of development land for employment related uses.