Issue - items at meetings - Open Market Development Proposal

Report of the Director of Cultural Services (copy attached)

(1)  Note the project progress described in section 7 made since the Stage 2 submission received by the council in September 2007.

(2)   Approves the draft Heads of Terms referred to in section 5 and attached to the accompanying part two confidential report as the basis for negotiations of the Development Agreement.

(3)   Approves landowner consent for the project to continue, subject to continued engagement between officers and the Open Market Traders Association and Hyde regarding sustainability issues to seek improved sustainability performance, and that the Director of Cultural Services and the Head of Law negotiate a draft Development Agreement.

(4)   Approves the delegation of authority to approve the Development Agreement to the Director of Cultural Services and the Head of Law in consultation with the Cabinet Member for Enterprise, Employment and Major Projects.

(5)   Delegates authority for approval of the final scheme at RIBA Stage D, and prior to the submission of a planning application, to the Director of Cultural Services in consultation with the Cabinet Member for Enterprise, Employment & Major Projects.

(6)   Agrees that the Open Market Traders Association, supported by council officers, proceed to incorporate a Community Interest Company for the purpose of taking a long term lease on the new market and managing all aspects of the new market.

(7)   Supports council representation of up to 19% on the Board of the Community Interest Company to be incorporated by the Open Market Traders Association and that the Board should be made up as described in paragraph 7.2, point 6 of the report.

138.1       The Cabinet considered a report of the Director of Cultural Services that advised on progress made during the past nine months on proposals submitted to develop the Open Market (for copy see minute book).

138.2       Councillor Taylor addressed the Cabinet in his role as Ward Councillor and as a member of the Market Group. He supported the regeneration and welcomed the new housing and covered site. He was pleased to note the recommendations about sustainability performance contained within the report.

138.3       RESOLVED – That, having considered the information and the reasons set out in the report, the Cabinet accepted the following recommendations;

138.4       That the Cabinet;

(1)       Note the project progress described in section 7 made since the Stage 2 submission received by the council in September 2007.

(2)       Approves the draft Heads of Terms referred to in section 5 and attached to the accompanying part two confidential report as the basis for negotiations of the Development Agreement.

(3)       Approves landowner consent for the project to continue, subject to continued engagement between officers and the Open Market Traders Association and Hyde regarding sustainability issues to seek improved sustainability performance, and that the Director of Cultural Services and the Head of Law negotiate a draft Development Agreement.

(4)       Approves the delegation of authority to approve the Development Agreement to the Director of Cultural Services and the Head of Law in consultation with the Cabinet Member for Enterprise, Employment and Major Projects.

(5)       Delegates authority for approval of the final scheme at RIBA Stage D, and prior to the submission of a planning application, to the Director of Cultural Services in consultation with the Cabinet Member for Enterprise, Employment & Major Projects.

(6)       Agrees that the Open Market Traders Association, supported by council officers, proceed to incorporate a Community Interest Company for the purpose of taking a long term lease on the new market and managing all aspects of the new market.

(7)       Supports council representation of up to 19% on the Board of the Community Interest Company to be incorporated by the Open Market Traders Association and that the Board should be made up as described in paragraph 7.2, point 6 of the report.