Issue - meetings

Bournemouth Development Company LLP - Extension to Option Execution Dates

Bournemouth Development Company LLP (“BDC”) is a joint venture between the Council and MUSE Developments Limited a subsidiary of Morgan Sindall Group plc.

The BDC LLP Partnership Business Plan (PBP) sets out the nature and extent of development that will be undertaken by BDC. The PBP is a rolling five-year plan that is usually reviewed annually to provide an update on emerging priority sites and the programme of development activity for the next 12 months. It was last reviewed and approved by Cabinet in July 2021 and had been scheduled to be considered last autumn, however this was postponed due to the wider budget position of the Council. This report highlights that that the PBP will be reviewed and submitted to Cabinet for consideration in late 2023.

The purpose of this report is to seek approval to extend the "Option Execution Date” originally agreed within the Site Development Plans (SDP) for the Winter Gardens, Eden Glen and Cotlands Road car parks sites. The extension will enable further consideration and development work to continue.

Decision:

RESOLVED that Cabinet: -

(a) agrees to amend the Winter Gardens site “Option Execution Date” to expire on 30 September 2024; and

(b) agrees to amend the Eden Glen and Cotlands Road Car Park sites “Option Execution Date” to expire on 30 September 2025.

Voting: Unanimous

Portfolio Holder: Leader of the Council and Portfolio Holder for Development, Growth, Regeneration and Transformation

Reason

To contribute to the Council’s Corporate vision, specifically helping to create dynamic places, investing in the homes our communities need, revitalising and re-inventing our high streets and local centres in line with the vision set out in the Big Plan.

The Council has reserved the right for Cabinet to approve Site Development Plans (SDP) and further approvals are necessary to vary terms.

Minutes:

The Leader of the Council and Portfolio Holder for Development, Growth, Regeneration and Transformation presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'J' to these Minutes in the Minute Book.

Cabinet was advised that Bournemouth Development Company LLP (“BDC”) is a joint venture between the Council and MUSE Developments Limited a subsidiary of Morgan Sindall Group plc.

Cabinet was informed that the BDC LLP Partnership Business Plan (PBP) sets out the nature and extent of development that will be undertaken by BDC, and that the PBP is a rolling five-year plan that is usually reviewed annually to provide an update on emerging priority sites and the programme of development activity for the next 12 months.

In relation to this Cabinet was advised that the PBP was last reviewed and approved by Cabinet in July 2021 and had been scheduled to be considered last autumn, however this was postponed due to the wider budget position of the Council, and that this report highlights that that the PBP will be reviewed and submitted to Cabinet for consideration in late 2023.

The report sought Cabinet approval to extend the “Option Execution Date” originally agreed within the Site Development Plans (SDP) for the Winter Gardens, Eden Glen and Cotlands Road car parks sites. Cabinet was informed that the extension would enable further consideration and development work to continue.