Decision details

(i)  To approve the proposal in principle.

(ii)  To delegate authority to the Head of Property, following consultation with the Cabinet Member for Economic Development to approve the preparation and granting of a lease once final details are agreed to College Street Yard Limited (CSYL) for a lease of seven years less one day for the use of part of College Street car park as a box park, as described in the report.

(iii)  To authorise the Head of Property, following consultation with the Cabinet Member for Economic Development to negotiate and agree the final details of the lease as required to facilitate the letting of the site.

To facilitate the provision of a temporary “box park” development on part of

College Street car park in accordance with the planning permission granted

for the scheme which will include the following uses:

·  A1 Retail (net tradeable area) 132 m2

·  A3 Restaurants and Café 106m2

·  A4 Drinking Establishments 160m2

·  B1(a) office 160m2

To generate the benefits to SCC set out in Appendix 3.

To support the wider benefits from the scheme, such as increasing footfall in the area, providing opportunities for start up business space and diversification of the retail, food, beverage and entertainment offer in the

City.

Reject proposal.

This would mean the development with planning permission cannot be

delivered and the Council would not receive the benefits identified in

Appendix 3.