Purpose

To note progress and to consider any decisions
required

Decision

 
i.      
The Executive confirms its continuing support for the Market
Street
development and
agrees proposed changes to the Council’s previously agreed
position as set out in paragraphs 1.4.1 – 1.4.4 of the
confidential Appendix A, including notably:
 
·      
Supporting a 10% increase to the Council’s 50% contribution
to the development costs, reflecting increased construction costs
and rephasing of expenditure, noting that this has no impact on the
Council’s financial position due to the loan note mechanism
in the Bracknell Forest Cambium Partnership legal agreements;
 
·      
Delegating authority to the Assistant Director: Contract Services
to enter into an agreement with the Bracknell Forest Cambium
Partnership for required off-site car park provision.
 
ii.    
The Executive, looking ahead to future town centre development,
requests
the Executive
Director for Place, Planning and Regeneration to review the
Council’s
current town centre parking standards and identify a range of
future
options to reduce
reliance on car usage and promote the use of more sustainable
public and private transport solutions that align with the
Council’s
climate change
ambitions for the Council itself and the Borough of Bracknell
Forest.