Issue - decisions

1. To continue the arrangements agreed in decision EX32/2019 of 15 July 2019

for the Director of Communications and Regeneration to approve matters

relating to the leasing arrangements including new leases, lease renewals, rent

reviews and tenants incentives at the Houndshill Shopping Centre, after

discussions at the Management Board.

2.      To agree, after consultation with the Leader of the Council

and Section 151 officer, in principle to the funding of the phase 2 extension of up to £22.5m £22.5million potentially using Prudential Prudential Borrowing Powers, with a report to be submitted to a future Executive meeting once the outcome of the bid in 3 is known.

3.      To submit a Future High Street Fund fast track bid by 29 November 2019 for

additional funds to seek to offset the Council’s contribution to the phase 2

extension  with a further reportto be submitted to a future Executive once the

outcome of the bid is known.

4.      To authorise the Head of Legal Services to prepare legal documentation and

enter into appropriate documents as necessary to complete the transactions outlined

in decision 1 relating to Houndshill Shopping Centre and those

listed in this report on the phase 2 extension.

5.      To accept the novation of any contracts/reports for the accelerated development

of the phase 2 extension.