RESOLVED that Cabinet:-
(a) Approve the repurposing of up to £1m from the remaining Heart of Poole budget to progress a programme for the Regeneration of Poole Town Centre;
(b) Delegate authority to the Corporate Director for Regeneration & Economy to progress the procurement of master-planners, undertake due-diligence and explore future delivery mechanisms;
(c) Approve the proposed governance structure for the Poole Regeneration Programme as set out in Appendix A;
(d) Approve the development of a new Funding Strategy for the delivery of a revised Masterplan for Poole Town Centre;
(e) Approve the development of an Acquisition and a Compulsory Purchase Order (CPO) Strategy along with associated specialist agent and legal fees, that can be deployed should the need arise;
(f) Approve the inclusion of Heritage Action Zone funding and match-funding via s106 and CIL within the Capital Programme (total £1.2m);
(g) Delegate approval to the Corporate Director for Regeneration & Economy to explore additional funding requirements to support Regeneration across the conurbation;
(h) Give due consideration to existing work already done in the development of a revised Masterplan for Poole Town Centre;
(i) the revised Masterplan for Poole Town Centre be received by the O&S Board for scrutiny, once developed, and prior to wider consultation on the Masterplan; and
(j) the Acquisition and Compulsory Purchase Order (CPO) Strategy be received by the O&S Board for scrutiny, once developed.
Voting: Unanimous
Portfolio Holders: Culture, Regeneration and Economy
Transport and Infrastructure
Reason
To create a Vision and Masterplan for Poole Town Centre that will align with the aims of the Council and the priorities of the new CP Corporate Plan.