Decision

That Cabinet approve
the following recommendations:
 
Ollerton

a)      
to forward fund a £35,000 budget associated
with the LUF 3 funding to enable
ongoing timely delivery of programme work streams including legal
costs. This budget can be financed by the
Capital Feasibility Reserve in advance of the LUF3 MoU with
government, at which time the costs can be moved to the approved
Capital scheme and the reserve be replenished;
 

b)      
to agree for £20,909,757 to be added to the
capital programme alongside the existing Exempt Approved Budget
previously agreed by the Cabinet on 26 March 2024 to acquire the
bank, financed in accordance with proposed sources of funding in
accordance with the financial implications set out;
 

c)       
Note the financial gap of £832,758 that is
included within the £20,909,757 above, and that this be
financed by borrowing as detailed in the financial implications in
the report;
 

d)      
to provide delegated authority to the Portfolio
Holders for Strategy, Performance &
Finance in consultation with the Director -
Resources, Director - Planning & Growth, Business Manager -
Corporate Property and Portfolio Holder Sustainable Economic
Growth, to approve the Green Book Final Business
Case (FBC), subject
to:

·     
the project being within the approved Capital
Program budget of £20,909,757, (alongside the existing
previous Exempt budget to acquire the bank); and

·     
receipt of £14,995,999 of LUF3 Grant;
and

·     
the value of the required land transfers (paragraph
3.6 of the report);

·     
a £3m contribution from NCC; and

·     
a £1.106m grant from the Brownfield Land
Release Fund (BLRF)
 

e)      
to authorise the Director – Resources to
secure all tenants for the development, subject to commercial terms
and any appropriate tenant incentivisation’s, subject to
meeting budget detailed at b) and d) above;
 

f)        
to delegate to the Director - Resources, in
consultation with the Director - Planning & Growth, Business
Manager - Corporate Property and Portfolio Holders for
Strategy, Performance & Finance and Sustainable
Economic Growth, authorisation to submit a planning
application, subject to meeting budget detailed at b) and d)
above;
 

g)       
to delegate to the Director – Resources and
S151 Officer, in consultation with the Director - Planning &
Growth, authorisation, subject to securing planning permission, to
enter into any S106 agreement with NCC
(who will be the enforcing body), along with any other necessary
legal requirements as part of the planning process, subject to
meeting budget at b) and d) above;
 

h)      
to delegate to the Portfolio Holder for Strategy,
Performance & Finance in consultation with the Portfolio Holder
Sustainable Economic Growth, the Director – Resources and
Director - Planning & Growth, authority to purchase in
accordance with the requirements of the Council’s
Acquisitions and Disposals Policy the required land holdings from
Ollerton & Boughton Town Centre and Johal Ltd), subject to
budget at b) and d) above;
 

i)        
to delegate to the Portfolio Holder for Strategy,
Performance & Finance in consultation with the Portfolio Holder
for Sustainable Economic Development, the Director –
Resources and Director - Planning & Growth, authority to
dispose of any commercial units to Johal Ltd upon landlord fit out
in accordance with a jointly commissioned independent red book
valuation, such a disposal to be legally agreed prior to
appointment of a build contractor;
 

j)        
to delegate to Director - Resources, in consultation
with the Director - Planning & Growth, Business Manager -
Corporate Property and Portfolio Holders for Strategy, Performance
& Finance and Sustainable Economic Development,
authorisation to continue to secure, subject to contract and
meeting the approved budget detailed at recommendations b) and d)
above, the main contractor through a public procurement framework;
and
 

k)       
to delegate to the Director - Resources, in
consultation with the Assistant Director – Legal &
Democratic Services, Director - Planning & Growth, Business
Manager - Corporate Property and Portfolio Holders for
Strategy, Performance & Finance and Sustainable
Economic Development, authorisation to enter into
any legal agreements required to secure and allow ongoing access
for Heron Food.
 
Clipstone

l)        
to request a budget of £5,784,424 to be added
to the Council’s Capital Programme, financed by:

·     
£417,212 S106 funding from Clipstone S106
(Open Space) contributions and £400,000 from the Councils
committed 3G pitch provision within the Council’s already
approved Capital Program towards Clipstone Phase 2;

·     
LUF3 grant of £4,967,212 toward Clipstone
Phases 2 and 3; and

·     
LUF grant of £32,788
be allocated towards the separate scheme, Clipstone Holdings scheme
(Phase 1).
 

m)    
to delegate to the Director - Resources, in
consultation with the Director - Planning & Growth, Business
Manager - Corporate Property and Portfolio Holders for
Strategy, Performance & Finance and Sustainable
Economic Growth, authorisation to submit a planning
application, subject to l) above;
 

n)      
to delegate to the Portfolio Holders for
Strategy, Performance & Finance in consultation with the Portfolio Holder for Sustainable
Economic Development, the Director - Resources, the
Director - Planning & Growth, and Business Manager - Corporate
Property authorisation to conclude any land purchase required to
complete the development (including land at Vicar Water Country
Park and the former Clipstone Colliery Land) subject to red book
valuation reports and the scheme remaining within the recommended
budget at l) above;
 

o)      
to increase the revenue budget by £121,000 in
advance of the LUF3 MOU with Government to continue development of
the scheme through forward funding from the Change Management
Reserve. Upon receipt of the LUF3 MOU and receipt of grant, the
costs can be moved to the approved Capital budget and the reserve
replenished;
 

p)      
to delegate to the Director - Resources, in
consultation with the Director - Planning & Growth, Business
Manager - Corporate Property and Portfolio Holders
for Strategy,
Performance & Finance and Sustainable Economic
Development, authorisation to
acquire
the existing Vicar Water Country Park freehold, as detailed
at Appendix B to the
report;
 

q)      
note the previous March 2024 Cabinet authorisation
to negotiate and secure ongoing commitments from the Clipstone
Miners Welfare Trust to ensure the District Council will have an
ongoing role in the governance and management of any new Sports
Facility associated with Phase 2 of the Clipstone regeneration
project;
 

r)        
to delegate to the Director - Resources, in
consultation with the Director - Planning & Growth, Business
Manager - Corporate Property and Portfolio Holders for
Strategy, Performance & Finance and Sustainable
Economic Development, authorisation to enter into a
procurement exercise via an appropriate public procurement
framework for the appointment of a main contractor, subject to the
approved budget at recommendation l) above;
 

s)       
to authorise the Director – Resources to
secure all tenants for the development, subject to commercial terms
and any appropriate tenant incentivisation’s, subject to
meeting the overall capital program budget at l) above; and
.
 

t)        
to provide delegated authority to the Portfolio
Holders for Strategy, Performance & Finance in consultation
with the Director - Resources, Director - Planning & Growth,
Business Manager - Corporate Property and Portfolio Holder
Sustainable Economic Development, to approve the Green Book Final
Business Case (FBC), subject to budget
detailed above at l).