Decision details

1.      That a Change of Consortium Compostion to replace GKRL with another company from within the Places for People Group be agreed and authority be delegated to the Strategic Director with responsibility for Central Winchester Regeneration and the Director (Legal), in consultation with the Cabinet Member with responsibility for Regeneration, to amend the Development Agreement as appropriate.

2.      That PfP-Igloo's proposal not to replace the GKRL bank guarantee be accepted.

3.      That it be agreed that an entity from the PfP-Igloo consortium can be a Guarantor for the Phase Delivery Stages subject to the Council being a party to performance bonds between that entity and any funder and contractor. 

4.      That authority be delegated to the Strategic Director with responsibiity for Central Winchester Regeneration, Director (Finance) and the Director (Legal) to agree the detailed contractual arrangements as part of the Phase Delivery Plan. 

5.      That a report be submitted to the March Cabinet setting out provisions for matters outside the existing Development Agreement that are required to strengthen the scheme, addressing CIL; potential land acqusitions and Compulsory Purchase Order resolutions; and potential off-site affordable housing provision.