Decision details
Bracknell Town Centre Regeneration Committee Update Report
PDF 59 KBDecision Maker: Bracknell Town Centre Regeneration Committee
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To update the Committee on the regeneration of
Bracknell Town Centre
Decision:
1 The further extension of the Bracknell Town Centre Development Agreement 8th Variation Relevant Date to 1 November 2022 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;
2 The principle of relocating the library to Princess Square LSU 4, Bracknell to create a new library and cultural facility to complement the Deck scheme and facilitate future regeneration of the current library site be supported;
3 The proposed heads of terms for a lease of this unit as set out in Appendix A of the Executive Director: Place, Planning & Regeneration’s report be supported, with the completion of the lease arrangement delegated to the Assistant Director: Property in consultation with the Executive Member for Transformation and Finance, subject to the Deck scheme being unconditionally committed to by BRLP;
4 Commencement of the detailed design (from RIBA stage D) for a new library and cultural facility and submission of a planning application to be funded from the Property Feasibility budget (YM378) be supported once the heads of terms have been signed.
Reasons for the decision:
To progress the Council’s strategic theme of a strong and resilient economy.
Alternative options considered:
Not to endorse and support the recommendations.
Interests and Nature of Interests Declared:
None.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: Contained within the report.
Declarations: None.
Subject to Urgent Proceedings: No.
Making Representations: In writing to the Executive Director: Place, Planning and Regeneration.
Other reasons / organisations consulted
Not applicable.
Consultees
None
Contact: Chris Mansfield, Head of Economic Development and Regeneration Email: chris.mansfield@bracknell-forest.gov.uk Tel: 01344 351614.
Report author: Chris Mansfield
Publication date: 29/09/2022
Date of decision: 29/09/2022
Decided at meeting: 29/09/2022 - Bracknell Town Centre Regeneration Committee
Effective from: 07/10/2022