Decision

For the reasons set out in
the report and its appendices Cabinet RESOLVED to AGREE:
 

i) 
To proceed with procurement in order to refurbish both 31-35 Stock
Street and Tate Institute at a combined value of up to
£2.441m;

 

ii) 
Delegate authority to the Corporate Director of Inclusive Economy
& Housing in consultation with the Lead Member for Inclusive
Economy, Housing Delivery and Climate Emergency, Performance and
Transformation to award and enter into two structured commissioning
agreements with the highest scoring developer/operator for both
respective projects with a grant value over £1m:
 

a)  A grant award for the
refurbishment of 31-35 Stock Street of £1.015m

b)  A grant award for the
refurbishment of Tate Institute of £1.426m
 
Alternatives
Considered
 
1) 
The team have considered coordinating
the designs and development in-house and then looking to procure
for an operator at a later date but for the reasons outlined in
Table 2 this has been decided against as a strategy. In addition,
this would likely elongate the time taken to get an active use in
the building which could threaten the LUF funding from Central
Government (as outlined in 4.12.1).