Issue - meetings

To consider a report from the Director for the Economy, a copy is attached as item 17.

Before the Committee was a report by the Director for the Economy, copies of which had been circulated to all Members and a copy of which is attached to the signed copy of these minutes as Item 17.

The report sought authority to purchase the approximately 2.5 acre site for the development of new employment floorspace within Worthing.

The Committee was advised that there had been some competition to acquire the site, however, the Councils had identified its potential early on and managed to secure a position on it.

The recommendation in the report was proposed by Councillor Daniel Humphreys, seconded by Councillor Kevin Jenkins and unanimously approved.

Decision: 

The Joint Strategic Committee

      I.         approved the acquisition of the development site at Southdownview Road for a residual land price of up to £1,800,000;

     II.         authorised the Head of Major Projects & Investment to agree detailed terms of the transaction and enter the contract for the purchase subject to satisfactory legal and technical due diligence;

   III.         authorised the Head of Major Projects & Investment to undertake procurement and enter into a construction contract subject to a viable business case to deliver the site in consultation with the Executive Member for Resources;

   IV.         authorised an overall budget of £5.8m to meet the costs of acquisition and construction to be funded from the Strategic Property Investment Fund.

Call In:

The call-in deadline for this decision will be 5.00pm on 17 July 2020.