Venue: To be held in the Town Hall, Pinstone Street, Sheffield, S1 2HH
Contact: Fiona Martinez, Democratic Services
Email: fiona.martinez@sheffield.gov.uk
Media
Items
| No. |
Item |
41. |
Apologies for Absence
Additional documents:
Minutes:
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41.1
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Apologies for absence were received from
Councillors Terry Fox and Abdul Khayum.
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42. |
Exclusion of Press and Public
Additional documents:
Minutes:
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42.1
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The appendices to items 8 and 9 were not
available to the public, as they contained exempt information as
described in paragraph 3, schedule 12A to the Local Government Act
1972 (as amended). Members were informed that should they wish to
discuss the information within these appendices the public and
press would be asked to kindly leave for this part of the meeting,
and the webcast would be halted.
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43. |
Declarations of Interest  PDF 86 KB
Additional documents:
Minutes:
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43.1
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There were no declarations of interest.
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44. |
Minutes of Previous Meeting PDF 116 KB
Additional documents:
Minutes:
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44.1
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Members asked that a clarification to the
minutes be made to specify that the Task and Finish group which had
been agreed upon would be on the Outcomes Framework. This was
noted.
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44.2
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The minutes of the meeting of the Committee
held on the 23rd of September 2024 be approved as an
accurate record.
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45. |
Public Petitions, Questions and Statements PDF 53 KB
Additional documents:
Minutes:
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45.1
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There were no public petitions, questions or
statements received on this occasion.
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46. |
Members' Questions
Additional documents:
Minutes:
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46.1
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There were no questions from Members of the
Committee.
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47. |
Work Programme PDF 106 KB
Additional documents:
Minutes:
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47.1
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The Committee received a report containing the
Committee’s Work Programme for consideration and discussion.
The aim of the Work Programme was to show all known, substantive
agenda items for forthcoming meetings of the Committee, to enable
this Committee, other committees, officers, partners and the public
to plan their work with and for the Committee.
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47.2
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RESOLVED UNANIMOUSLY: That the Finance
and Performance Policy Committee:-
1.
Approves the Committee’s Work Programme, as set out in
Appendix 1, including any additions and amendments identified in
Part 1 and the amendment noted in the meeting;
2.
Give consideration to any further issues to be explored by officers
for inclusion in Part 2 of Appendix 1 of the next work programme
report, for potential addition to the work programme; and
3.
Notes any referrals from Council (petition and resolutions)
detailed in Section 2 of the report and agrees the proposed
responses
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48. |
Disposal of Land at Fitzwilliam Street PDF 567 KB
Additional documents:
Decision:
Minutes:
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48.1
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The Committee considered a report of the
Executive Director, City Futures which sought to agree the disposal
of freehold ownership at Fitzwilliam Street on the terms set out
within the wider report.
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48.2
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Members asked that a briefing be provided
around affordable units.
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48.3
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RESOLVED UNAMIOUSLY: That the
Finance and Performance Policy Committee:
-
To agree to the disposal of freehold ownership on the terms as set
out in this report.
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48.4
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Reasons for
Decision
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48.4.1
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The intended outcome of the proposal is to
deliver new residential development within the city centre and
repurpose vacant and underutilised brownfield land where older
buildings are inefficient and would benefit from redevelopment.
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48.4.2
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The development proposals will bring forward
the continued regeneration of the Devonshire Quarter, help attract
additional footfall and be of benefit to the city centre.
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48.4.3
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The proposed disposal will also deliver the
economic and financial benefits as outlined within this report.
Generating a significant capital receipt, Council Tax Revenue and
CIL contribution for the Council.
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48.4
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Alternatives
Considered and Rejected
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48.4.1
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Alternative Option 1: The Council could do
nothing. This may result in the
Land remaining vacant or underutilised for
several more years and would not
contribute to the Councils aspirations to see
the regeneration of the
Devonshire Quarter and increase in housing
provision within city.
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48.4.2
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Alternative Option 2: The Council could offer
the Land for sale in the open market. Part of the land is subject
to the existing long leasehold title, this could potentially result
in partial development only, or a frustrated ownership structure
which may prohibit the future development of a comprehensive
scheme.
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48.4.3
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Alternative Option 3: The Council could offer
to purchase the long leasehold interest in the site and agree a
future sale of the combined land interests. The buyer has already
agreed and entered into contract to
purchase the long leasehold interest. Pursuing the purchase of the
leasehold interest would require further negotiation and capital
expenditure by the Council. This would represent greater risk for
the Council, with the ultimate aim of
seeking a disposal of the land for redevelopment which is proposed
here.
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49. |
Disposal of Land at Hoyle Street PDF 309 KB
Additional documents:
Decision:
Minutes:
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49.1
49.2
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The Finance and Performance Policy Committee
considered a report of the Executive Director, City Futures which
sought to agree the disposal of freehold ownership of land at Hoyle
Street on the terms as set out in the wider report.
RESOLVED UNANIMOUSLY: That the
Finance and Performance Policy Committee: -
-
Agree to the disposal of land on the terms as set out in this
report
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49.3
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Reasons for
Decision
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49.3.1
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The intended outcome of the proposal is to
deliver new residential development within the city centre and
repurpose vacant and underutilised brownfield land.
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49.3.2
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The development proposals will bring forward
the regeneration of the Furnace Hill area in line with the Furnace
Hill and Neepsend Development Framework and help to bring forward
the already approved investment of £67m secured by Homes
England.
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49.3.3
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The proposed disposal will also deliver the
economic and financial benefits as outlined within this report.
Generating a significant capital receipt, Council Tax Revenue and
CIL contribution for the Council.
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49.4
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Alternatives
Considered and Rejected
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49.4.1
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Alternative Option 1: The Council could do
nothing. This may result in the Land remaining vacant or
underutilised for several more years and would not contribute to
the Councils aspirations to see the regeneration of the Furnace
Hill and Neepsend Catalyst Site and increase in housing provision
within city
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49.4.2
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Alternative Option 2:The Council could offer
the Land for sale in the open market. This would lead to a lack of
coherence and comprehensiveness of development which is part of the
rational for the Furnace Hill and Neepsend development
framework.
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50. |
Capital Approvals Month 5 (2024/25) PDF 154 KB
Additional documents:
Decision:
Minutes:
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50.1
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The Finance and Performance Policy Committee
received a report of the Director of Finance and Commercial
Services which provided details of proposed changes to the existing
Capital Programme as brough forward in Month 05 2024/25.
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50.2
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RESOLVED UNANIMOUSLY: That the
Finance and Performance Policy Committee: -
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That the Committee approve the proposed additions and variations to
the Capital Programme listed in Appendix 1
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That the Committee approve the acceptance of grant funding as
identified Appendix 2
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That the Committee approve the issuing of grant funding as
identified in Appendix 3
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50.3
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Reasons for
Decision
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50.3.1
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The proposed changes to the Capital programme
will improve the services to the people of Sheffield
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50.3.2
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To formally record changes to the Capital
Programme and gain Member approval for changes in line with
Financial Regulations and to reset the capital programme in line
with latest information.
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50.4
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Alternative Options
Considered
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50.4.1
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A number of alternative courses of action are
considered as part of the process undertaken by Officers before
decisions are recommended to Members. The recommendations made to
Members represent what Officers believe to be the best options
available to the Council, in line with Council priorities, given
the constraints on funding and the use to which funding is put
within the Revenue Budget and the Capital Programme.
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