Issue - meetings

To consider the latest progress report on proposals for the regeneration of Bracknell town centre.

The Committee considered an update report outlining the areas of progress made since its last meeting and setting out proposed next steps for the regeneration of Bracknell Town Centre.

RESOLVED that the Committee:

2.1       Delegate authority to the Chief Executive to waive the requirement for Bracknell regeneration partnership to reinstate the road network in the event of the Development Agreement not going unconditional

2.2       Notes the position about town centre investors.

2.3       Surrenders the lease on Bracknell Market

2.4       Delegates approval to the Chief Executive in liaison with the Executive Member for Regeneration and Economic Development to amend the Development Agreement with Bracknell Regeneration Limited Partnership in order to:

            1)         Secure environmental improvement works; 

2)         De-couple the provision of the replacement park from the unconditional date for the Charles Square phase.

3)         Dispose of Princess Square service yard, subject to the Northern Retail Quarter phase going unconditional

2.5       Notes the position regarding the highway network as set out at paragraphs 5.4-5.10 of the Assistant Chief Executive’s report

2.6       Endorses the making of a new Compulsory Purchase Order to secure access to the Grange Hotel.

2.7       Endorses the service of Notices of Entry under the current town centre Compulsory Purchase Order in relation to plots 152, 153 and 154 at Market Street.

2.8       Endorses the design for Bond Square.

2.9       Authorises the Borough Solicitor to complete a Deed of Variation to the Winchester House Development Agreement as proposed at paragraph 5.27 of the Assistant Chief Executive’s report