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Resolved:-
 
(1)         
that the Executive Director of Place is authorised to prepare all
necessary tender documentation- in accordance with the procurement
strategy outlined hereunder, statutory regulations and the
Council’s Procurement and Financial Regulations- to nominate
a Preferred Development Partner for future Cabinet approval;
 
(2)         
that the Executive Director of Place is authorised to prepare
tender documentation and subsequently procure- in accordance with
statutory regulations and the Council’s Procurement and
Financial Regulationsany professional
services required to develop proposals and/or support the
procurement of a strategic development partner in line with the
budget schedule set out in appendix 3;
 
(3)         
that the Executive Director of Place is authorised in consultation
with the Executive Director of Finance and Transformation to
undertake a full financial and economic analysis for the purposes
of understanding the future financial implications and resource
requirements for the delivery of West Bromwich Masterplan;
 
(4)         
that the Executive Director of Finance and Transformation is
authorised in consultation with the Executive Director of Place to
identify and outline recommendations to meet any financial,
resource or governance requirements that result from the
appointment of a strategic development partner.