Decision details
Procurement of Advisors To Support Exploration of Property Joint Venture
PDF 108 KBDecision Maker: Executive
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To approve the procurement of commercial and
legal advisors to help the Council determine whether the creation
of a joint venture would represent the best value approach to
securing development of a range of sites in and around Bracknell
town centre and potentially across the Borough
Decision:
RESOLVED that:
i) a possible Joint Venture approach to develop Council owned sites in the Borough is explored, noting the key workstreams and timelines set out in Annexe A of the Borough Treasurers report.
ii) to proceed to procure legal and property advice based on the draft scope attached as Annexe B of the Borough Treasurers report to help develop, in the first instance, a business case that will determine whether a JV approach is the best option to secure the Council’s objectives is agreed.
Reasons for the decision:
The recommendations will enable the benefits of a potential procurement of a Joint Venture partner(s) to develop Council owned sites to be fully evaluated.
Alternative options considered:
None
Interests and Nature of Interests Declared:
None.
Wards Affected: (All Wards);
Financial Impact: Within approved budget
Declarations: None
Subject to Urgent Proceedings: No
Making Representations: In writing to the Borough Treasurer or Executive Member for Transformation and Finance
Other reasons / organisations consulted
Meetings.
Consultees
CMT and Executive Members
Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.
Report author: Stuart McKellar
Publication date: 12/06/2018
Date of decision: 12/06/2018
Decided at meeting: 12/06/2018 - Executive
Effective from: 20/06/2018
Accompanying Documents: