Issue - meetings

Further to Decision EX57/2019, to consider and discuss next steps in the Blackpool Central project.

The report for this item is public. However Appendices 9a and 9c contain information regarding the negotiations and the proposed or potential courses of action and are currently exempt from publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972. It is considered on balance that the public interest would not be served by publishing the information as it could prejudice the proposed development.

The Executive resolved as follows:

1.      To agree that Appendix 9a, to the Executive report, Blackpool Central financial projections  is not for publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972.

2.      To agree to delegate authority to the Chief Executive for approval of the final terms of the Land Sale arrangements, having undertaken all necessary financial and legal due diligence.

3.      To agree £1.9m funding, as outlined in Appendix 9a, to the Executive report, to cover aspects identified to enable delivery of the scheme and protect the Council’s interests.

4.      To delegate authority to the Head of Legal to enter into any proposed legal agreements relating to the scheme.