Issue details

To consider a report of the Cabinet member for Resources seeking approval to delegate authority to Senior Manager Property Procurement and Contract Management to approve the final detailed terms of purchase

This report will summarise why it is necessary to acquire land within the Eastern Dock to deliver a new public park and the estimated cost of the acquisition.  The report seeks approval to delegate authority to Senior Manager Property Procurement and Contract Management to approve the final detailed terms of purchase.  The cost of acquiring the Pan Handle car park will be met through a reduction in the scale and scope of the peripheral works associated with, but not subject to, the schemes delivery rather than a reduction in contingencies.  Any increase in costs beyond the allocated contingency will be found from non general funding sources including the Local Transport Plan (LTP) and S106 developer contributions. 

NOTE: Elements of this report may be considered exempt from public distribution.