116/2006 The Cabinet agreed that the approach
to the development of the whole of Rochester Riverside is
undertaken in two main phases (A and C on the attached plan) with a
development partner being initially sought for phase A, possibly
with an option to take a future phase if performance is
satisfactory, but with the restriction that no land can be traded
on. The exception to the approach is two areas of land comprising
Doust Way car park and the hotel/office quarter identified on the
plan, which will both, be subject to separate development
approaches.
117/2006 The Cabinet agreed the form of tenure for the development
in the form of 999-year leases and the relative balance between
annual service charge and potential dowry be further analysed to
identify best value for the Council.
118/2006 The Cabinet agreed that Doust Way car park be brought
forward independently from the first phase of development at
Rochester Riverside as a cultural/arts scheme incorporating student
housing and car parking. If the scheme cannot be achieved by the
time the first phase developer for Rochester Riverside is appointed
then the car park will be included in phase 1 in accordance with
the original masterplan.
119/2006 The Cabinet agreed that specialist agents be appointed to
market the hotel/conference facility and adjoining mixed-use office
quarter to secure an appropriate development partner.
120/2006 The Cabinet agreed the timescale for procurement and the
formal stages for the involvement of Members.
121/2006 The Cabinet agreed the principles of the two-stage
developer partner selection.