Minutes:
The Director of City Regeneration and Development provided the Committee with an update following the appointment of GRAHAM as the private sector partner (PSP) to work alongside the Council to deliver a housing led regeneration programme.
The Director advised the Committee that the Strategic Partnership Agreement (SPA) had been signed which contractualised the initial Overarching Business Plan (OBP) and the Joint Venture (JV) project governance structures that had been negotiated through the Competitive Dialogue procurement process.
She provided the Committee with further detail in respect of the initial Development Programme, Site Specific Business Plans and the work that had been undertaken by the PSP in respect of potential funding to help deliver the programme.
The Committee was provided with an update on the initial tranche of Strategic Site Assessment (SSA) Phase 2 sites and informed that the SPA provided for the introduction of Additional Opportunity Sites to be considered by the JV.
The Director recommended to the Committee that the existing City Regeneration Members’ Working Group be utilised as an appropriate forum to engage with Members on the PSP housing led regeneration programme in advance of matters being brought before the City Growth and Regeneration Committee and the Strategic Policy and Resources Committee for approval. In response, a Member suggested that the Working Group to be solely utilised for that purpose and that all other regeneration and development issues be submitted to the Committee for its consideration.
The Member further suggested that a report be brought back to a future meeting of the Committee that would provide an update on the SSA Phase 1 sites.
Accordingly, the Committee:
i. noted the progress on the Council’s Private Sector Partnership (PSP) for housing led regeneration, including completion of the Strategic Partnership Agreement (SPA); timelines for submission and agreement on the initial development programme; and the Joint Venture (JV) governance arrangements as agreed through the Competitive Dialogue procurement process;
ii. noted the update in respect of the first tranche of the Strategic Site Assessment (SSA) Phase 2 sites; the potential to consider Additional Opportunity Sites as part of the JV, alongside housing associations, on the basis of a comprehensive approach across a number of sites, and that the detail of any such proposals would be brought back to the Committee;
iii. noted the initial approach to funding that was being explored by the PSP and that funding detail for individual sites would be brought forward for approval through the site approval process (Site Specific Business Plans) as agreed in the Strategic Partnership Agreement, with reports to be brought back to the Committee;
iv. noted the potential for further targeted acquisitions aligned to objectives of the JV; the wider placemaking ambitions in the vicinity of Ormeau Avenue, Cromac Street and Stewart Street; and that further reports would be brought back to the City Growth and Regeneration Committee and the Strategic Policy and Resources Committee;
v. agreed that an update report be submitted to a future meeting in respect of the SSA Phase 1 sites; and
vi. agreed to recommend to the Strategic Policy and Resources Committee that the City Regeneration Members’ Working Group be solely utilised as an appropriate forum to engage with Members on the PSP housing led regeneration programme in advance of matters being brought back to the City Growth and Regeneration Committee and the Strategic Policy and Resources Committee for approval, and that all other regeneration and development issues should be submitted to the City Growth and Regeneration Committee for consideration.