Decision details

Marketfield Way Update July 2020

Decision Maker: Commercial Ventures Executive Sub-Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

RESOLVED that:

i)        the significant progress that has been made to conclude stage 3 of the project since the last report to Executive in December 2019, was noted.

ii)        the Director of Place Services, in consultation with the Leader, Deputy Leader and Executive Member for Place and Economic Prosperity, be authorised to now enter into:

-          a building contract with Vinci Construction UK Ltd in accordance with the contract sum and terms provided in Part 2 of this agenda;

 

-          a deed of variation to a pre-sale agreement with Delph in accordance with the terms provided in Part 2 of this agenda;

 

iii)       that the Director of Place Services, in consultation with the Leader, Deputy Leader and Executive Member for Place and Economic Prosperity, be authorised to make any necessary changes to the terms or contract sums provided that they are within the financial parameters in part 2 of this agenda, before entering into the building contract and deed of variation;

iv)       following the noting of exempt information in Part 2 of this report and (ii) above, the Head of Place Delivery, now progresses stage 4 of the project, including the implementation and construction of the development, in accordance with the exempt information provided in Part 2 of this agenda.

v)       that delegations previously authorised to the Head of Property in all previous reports to Executive, in relation to Marketfield Way, are now made by the Head of Place Delivery.

Reason Key: Expenditure > £250,000;

Corporate Priorities : A great place to live and work.;

Wards Affected: (All Wards);

Contact: Peter Boarder, Head of Place Delivery Email: peter.boarder@reigate-banstead.gov.uk Tel: 01737 276201.

Report author: Peter Boarder

Publication date: 06/07/2020

Date of decision: 02/07/2020

Decided at meeting: 02/07/2020 - Commercial Ventures Executive Sub-Committee

Effective from: 14/07/2020

Accompanying Documents: