52/2007 The Cabinet agreed to endorse the
current line of seeking private sector investment as it has the
benefits of giving the Council more control of the regeneration
programme than it would have by responding to a piecemeal approach
from the market.
53/2007 The Cabinet agreed that officers enter into an exclusive
negotiation for a period of 6 - 9 months with the preferred
developer, as indicated in the exempt appendix to the report, with
a view to agreeing a proposal for a long term partnership for the
purpose of delivering the agreed regeneration programme.
54/2007 The Cabinet agreed that the partnership should seek to
provide a mechanism for the Council to benefit from the development
process rather than just the sale of the sites under its
control.
55/2007 The Cabinet agreed that the partnership should seek to
secure the retention of surplus funds (currently due to be returned
to the Treasury) for 'recycling' in Medway regeneration
projects.
56/2007 The Cabinet agreed that the partnership should provide a
mechanism to create infrastructure for the regeneration
programme.
57/2007 The Cabinet agreed that Medway Council enlists the support
of English Partnerships (EP) in the negotiation process to tap into
their experience on such matters and to establish the potential for
infrastructure funding for the future from EP. EP is represented on
the Medway Renaissance Partnership Board.
58/2007 The Cabinet endorsed the views of the Business Support
Overview and Scrutiny Committee, as set out in paragraph 4.2 (g, h,
and i) of the report.