80 Property Joint Venture - Award of Preferred Bidder
Award of the preferred bidder following
i. Bidder A be approved as the “Preferred Bidder” for the Council’s property joint
venture partnership and authorise the Director: Resources and the Borough
Solicitor to finalise the necessary contractual agreements on such terms as
best protect the Council’s interest.
ii. The contents of the delegation policy set out in Appendix E to be incorporated
in the partnership Members’ Agreement, subject to any non-material changes
agreed by the Director: Resources and the Borough Solicitor as part of
finalisation of the contractual agreements;
iii. The incorporation of the Bracknell Forest Limited Liability Partnership (“LLP
Joint Venture”) with the Preferred Bidder following the execution of legal
iv. funding be made available as required to support the Council’s 50% investment in the joint venture, with requirements for individual site development to be agreed as part of the Executive and Council’s consideration of the initial JV business plan later this year.