ONE CITY PARK
The Strategic Director Place will submit a report (Document “AC” which contains Not For Publication Appendix 2) which updates Members on the outcome of the process to procure a Development Partner for the One City Park scheme as approved by the Executive Committee at its meeting on the 10th July 2018.
The report will also seek approval for the maximum financial commitment required to deliver this project to go into the budget process and upon approval of that budget for the Strategic Director of Place in collaboration with the Strategic Director Corporate Resources to enter into a Development Agreement with the preferred Development Partner to deliver the One City Park scheme.
Recommended –
(1) That the procurement procedure undertaken be acknowledged and the appointment of Muse Developments Ltd., be confirmed as its preferred developer in accordance with the outcome of said procedure.
(2) That the financial commitment up to the maximum funding commitment sum as referred to in Not For Publication Appendix 2 Section 4.2 to Document AC be entered into the Council’s budget programme to cover the cost of delivering the OCP scheme.
(3) That in the event that the maximum provision funding is approved by Council the Strategic Director of Place, in collaboration with the Strategic Director Corporate Resources complete a Development Agreement with Muse Development Ltd., as the Council’s Development Partner to deliver the One City Park Scheme.
(Simon Woodhurst - 01274 433789)
Decision:
Resolved –
(1) That the procurement procedure undertaken be acknowledged and the appointment of Muse Developments Ltd., be confirmed as its preferred developer in accordance with the outcome of said procedure.
(2) That the financial commitment up to the maximum funding commitment sum as referred to in Not For Publication Appendix 2 Section 4.2 to Document AC be entered into the Council’s budget programme to cover the cost of delivering the OCP scheme.
(3) That in the event that the maximum provision funding is approved by Council the Strategic Director of Place, in collaboration with the Strategic Director Corporate Resources complete a Development Agreement with Muse Development Ltd., as the Council’s Development Partner to deliver the One City Park Scheme.
ACTION: Strategic Director Place (Simon Woodhurst - 01274 433789)
Minutes:
The Strategic Director Place submitted a report (Document “AC” which contains Not For Publication Appendix 2) which updated Members on the outcome of the process to procure a Development Partner for the One City Park scheme as approved by the Executive at its meeting on the 10 July 2018.
The report also sought approval for the maximum financial commitment required to deliver this project to go into the budget process and upon approval of that budget for the Strategic Director of Place in consultation with the Strategic Director Corporate Resources to enter into a Development Agreement with the preferred Development Partner to deliver the One City Park scheme.
The Strategic Director of Place outlined the need for new Grade A office space in the city centre and noted that none had been delivered in the last 20 years. He pointed out that this had restricted the city’s ability to expand local companies and attract new ones. He was please to announce one of the Country’s leading names in mixed use development and urban regeneration, Muse as the preferred Development Partner. It was reported that Muse had worked in partnership with a number of authorities such as Salford, Stockport, Manchester and Leeds.
The Regeneration, Planning and Transport Portfolio Holder was pleased that Muse, a major national name in mixed use development was coming to Bradford which demonstrated its confidence in the District. He emphasised the quality of the development which was worthy of One City Park, with high standards of sustainability taking into account the climate change agenda. He was pleased that it would bring 500 direct jobs into the city centre and also generate secondary jobs.
Resolved –
(1) That the procurement procedure undertaken be acknowledged and the appointment of Muse Developments Ltd., be confirmed as its preferred developer in accordance with the outcome of said procedure.
(2) That the financial commitment up to the maximum funding commitment sum as referred to in Not For Publication Appendix 2 Section 4.2 to Document AC be entered into the Council’s budget programme to cover the cost of delivering the OCP scheme.
(3) That in the event that the maximum provision funding is approved by Council the Strategic Director of Place, in collaboration with the Strategic Director Corporate Resources complete a Development Agreement with Muse Development Ltd., as the Council’s Development Partner to deliver the One City Park Scheme.
ACTION: Strategic Director Place
Overview & Scrutiny Committee: Regeneration and Environment
