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21.1
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The report updated the Co-operative Executive
on the Stocksbridge Town Deal ahead of the submission of Business
Cases to the Department for Levelling Up, which would trigger the
drawdown of the £24.1m funding.
The report also sought approval to progress negotiations regarding
the acquisition of the properties and all other interests needed to
assemble the required development site and for the Co-operative
Executive to in principle agree to the possibility that if the
properties and interests cannot be acquired by negotiation then the
Council, as a last resort, would use the Council’s Compulsory
Purchase Order powers.
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21.2
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RESOLVED: That Co-operative
Executive:-
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1.
Notes that the Council has been successful in being awarded in
principle £24.1m from MHCLG and will shortly be submitted
Business Cases to Government to draw down the allocated funding to
deliver the investment programme;
2.
Delegates authority to the Chief Property Officer in consultation
with the Executive Member for Finance and Resources, the Executive
Director of Resources and the Director of Legal and Governance to
enter negotiations to acquire all property interests and for the
Director of Legal and Governance to draft and complete all
necessary legal documentation to complete these transactions;
and
3.
Agrees in principle to the possibility that should any of the
properties or interests required to assemble the development site
not be acquired by negotiation then the Council be able to use its
Compulsory Purchase Order powers as a last resort.
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21.3
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Reasons for
Decision
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21.3.1
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The Stocksbridge Town Deal provides a major
opportunity to fund significant interventions to address current
and future issues and challenges within the Town. The requirement
on the Council to accept and manage the potential revenue
implications of developing the new Library and Community Hub, and
the ability to use CPO powers as a last resort, if negotiations
cannot be concluded, are essential to deliver £24.1m
investment programme in Stocksbridge.
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21.4
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Alternatives
Considered and Rejected
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21.4.1
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Do nothing
– we could choose not to progress the work to submit Business
Cases to secure the Towns Deal. This would be a missed opportunity
to regenerate one of City’s neighbourhoods. Fundamentally
this is a once in a generation opportunity to address some key
infrastructure problems faced by Stocksbridge with its unique
geography and challenges, compounded by the
pandemic.
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21.5
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Any Interest
Declared or Dispensation Granted
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None
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21.6
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Reason for
Exemption if Public/Press Excluded During
Consideration
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None
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21.7
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Respective Director
Responsible for Implementation
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Executive Director,
Resources
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21.8
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Relevant Scrutiny
and Policy Development Committee If Decision Called
In
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Overview and Scrutiny
Management Committee
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