Decision details

The Cabinet considered the commercially sensitive information in relation to Item 8: Town Centre Private Sector Partnership.

Resolved:

The Cabinet approved:

a.    The selection of the preferred bidder, as detailed in the submitted report, following the completion of a competitive tender procedure for the appointment of private sector delivery partner for the development and regeneration of key strategic sites in Oldham Town Centre.

b.    That a Master Development Agreement and all accompanying contractual documentation be entered into with the preferred bidder, to formalise their selection as private sector delivery partner for the development and regeneration of key strategic sites in Oldham Town Centre.

c.    The grant of delegated approval to the Executive Director of Place and Economic Growth, the Director of Legal Services and the Director of Finance (or their nominees), to establish and enter into and manage all related or required partnership and ancillary agreements, processes and documentation and associated boards and governance structures which may be required throughout the term of the partnering arrangement to deliver the  development and regeneration of key strategic sites in Oldham Town Centre and the Council’s objectives. This will be inclusive of the Master Development Agreement, Outline Business Plans and Detailed Business Plans and all other supporting documents as required or as set out or referred to in this report.

d.    The grant of delegated approval to the Executive Director of Place and Economic Growth, the Director of Legal Services and the Director of Finance (or their nominees), to procure,  appoint, enter into contracts in respect of, and fund all required external consultancy to support in-house provision relating to the development and regeneration of key strategic sites in Oldham Town Centre across legal; finance; real estate; procurement; planning; environmental and social, inclusive of any other required external support in the required configuration to support the Council in delivery of the Project.

e.    The grant of delegated approve and authorisation to the Director of Legal Services or his nominated representative to sign and/or affix the Common Seal of the Council to all contracts/agreements/documents and associated or ancillary paperwork to give effect to the recommendations in this report.