Decision Maker: Cabinet
Decision status: Decision made
Is Key decision?: Yes
Is subject to call in?: Yes
Cabinet will be asked to consider the report
for the selection of a Preferred Developer for land comprising
Phase 1 at Rochester Riverside. The site encompasses land owned by
Medway Council and SEEDA.
246/2007 The Cabinet recommended to Council to
select Crest Nicholson as the preferred developer partner for Phase
1 of Rochester Riverside.
247/2007 The Cabinet recommended that Council delegates authority
to the Chief Executive, in consultation with the Leader of the
Council, to grant a development agreement and lease(s) for term(s)
not exceeding 999 years for the land comprising Phase 1 Rochester
Riverside on the best terms reasonably obtainable.
Subject to Council approval on 17 January
2008, this will enable the regeneration of Rochester Riverside to
proceed. The scheme will ultimately provide the homes, quality of
buildings and open spaces desired. Based on the available
information, officers consider that Crest Nicholson offer the best
all round proposals for Rochester Riverside Phase 1. Their scheme
is compliant with the outline planning permission, is financially
viable with the potential of additional income through future
overage, and is deliverable. The team are keen to work with the
landowners to progress the project, which has the potential to be
an award-winning scheme worthy of Rochester Riverside's status as a
flagship scheme in Medway and in the Thames Gateway.
Publication date: 18/12/2007
Date of decision: 18/12/2007
Decided at meeting: 18/12/2007 - Cabinet
Effective from: 27/12/2007
Accompanying Documents: