Decision details

Bracknell Town Centre Development Agreement, 8th Variation

Decision Maker: Executive Member for Council Strategy and Community Cohesion

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Development Agreement contains a Relevant Date by which the Developer will discharge key conditions. One of those conditions has not yet been discharged but is in progress. To enable the matter to be concluded a further extension for the Relevant Date has been requested. The new date is the 6th October 2022

Decision:

That the further extension of the Bracknell Town Centre Development Agreement 8th Variation (Deck) Relevant Date to the 1 November 2022 be authorised to enable the Highways Agreement condition to be satisfied, and the restriction on title protecting the profit share to be extended to 7 March 2026.

Reasons for the decision:

To progress the Council’s strategic theme of a strong and resilient economy.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Expenditure > £400,000;

Wards Affected: (All Wards);

Financial Impact: Not applicable.

Declarations: None.

Subject to Urgent Proceedings: No.

Making Representations: In writing to the Executive Director: Place, Planning and Regeneration

Contact: Chris Mansfield, Head of Economic Development and Regeneration Email: chris.mansfield@bracknell-forest.gov.uk Tel: 01344 351614.

Publication date: 07/09/2022

Date of decision: 06/09/2022

Effective from: 15/09/2022

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