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(i)              
That the interests from developers to secure
portions of the site for residential development be noted and that
delegated authority be given to the Deputy Chief Executive, in
consultation with the Portfolio Holder for Finance, Town Centres
and Growth, and Portfolio Holder for One
Council, People and Partnerships to finalise
a masterplan for the hotel and residential developments and agree
terms with developers to enable these developments to
progress.
 

(ii)             
That  the outcome of the
procurement for a Hotel brand for the site be considered, and agree
to the selection of Accor Hotels, with their Ibis Styles brand, for
the development of the next stage of business case development, at
a cost of £50,000;
 

(iii)            
That further update reports on progress of the
various elements be received as and when further details have been
developed.