Agenda and minutes

Venue: Council House

Contact: Suzanne Bennett 

Items
No. Item

1.

Declarations of Interest

Minutes:

There were no declarations of interest.

2.

Minutes pdf icon PDF 220 KB

a)  To agree the Minutes of the meeting held on 25 November, 2020

 

b)  Any matters arising

Minutes:

The Minutes of the meeting of the meeting held on 25 November, 2020 were agreed and signed as a true record.

 

There were no matters arising.

3.

Surrender of Existing Lease and Simultaneous Re-grant of a New 150 Year lease in Relation to 49-51 Corporation Street pdf icon PDF 486 KB

Report of the Director of Property Services and Development

 

NOTE: In accordance with the Constitution, Councillor N Akhtar, Chair of the Scrutiny Co-ordination Committee, has been invited to attend the meeting for this item of business to agree the need for urgency such that call-in arrangements will not apply. The reason for urgency is that there is an urgent need to complete the surrender and regrant of a new 150 year lease for the property as this enables the third phase of Belgrade Theatre development plan to be completed and occupied. It is also important that as the majority of the £5m development cost for the whole scheme is coming by way of grant funding and that as the accountable body, the Council secures the grant funding outcomes agreed, of which phase 3 is part.

 

Also there is a desire to complete the works as soon as possible during the City of Culture year, enabling the maximum use of the new space. To this end Complex Development Projects (CDP) who own the long lease of the building, have commenced the refurbishment works for the Belgrade at risk. They are looking for payment from the Belgrade for the internal construction works as soon as possible. The Belgrade can’t get access the grant for this to pay CDP until the new lease is in place.

Minutes:

The Cabinet Member considered a report of the Director of Property Services and Development which indicated that, as part of the Cultural Capital Investment Programme (investment in the City’s infrastructure creating a legacy and ensuring that the benefits of UK City of Culture 2021 are felt by future generations), the Council have awarded £5m of programme funding to the Belgrade Theatre Capital Project, which consists of three phases.

 

The Belgrade is Coventry’s largest producing theatre, seating 850 in its main auditorium.? It is the premiere space for live performing arts in the City Centre.

The Cultural Capital investment in the Belgrade Theatre has enabled the Belgrade Theatre Trust to refurbish the main auditorium and to extend and rebrand the café, including a redevelopment of the Burbidge room creating much needed conference and workshop space. The final (third) phase will see the redevelopment of the Jaguar public house in Corporation Street which will deliver a new digital space for young people and enable the creation of shared working space/workshop/small conferencing space and two apartments.

 

The former Jaguar public house (51 Corporation Street) has been closed for several years and the long leasehold interest of 49-51 Corporation Street was acquired by Complex Development Projects (CDP) in 2017. It was acquired following discussions between CDP and the Belgrade Theatre Trust.

 

CDP and the Belgrade Theatre Trust have approached the Council seeking to end the current lease of the premises and the granting of a new 150 year lease, to be consistent with the Belgrade’s main lease, with a request that the Council forgo the capital lease premium value of the new lease in return for a commensurate, but deferred reduction in grant funding from the City Council. This would make it affordable for the Belgrade and allow the proposed third phase of the development programme to proceed.

 

The Council is therefore being requested to forgo the capital sum of £129,885 which would otherwise be payable immediately as a premium for the grant of a new long lease, in order to allow CDP to grant the new sublease to the Belgrade at only £650 per annum.

 

In accordance with the Constitution, Councillor N Akhtar, Chair of the Scrutiny Co-ordination Committee attended the meeting for this item and agreed the need for urgency so that call-in arrangements would not apply. The reason for urgency was that that there is an urgent need to complete the surrender and regrant of a new 150 year lease for the property as this enables the third phase of Belgrade Theatre development plan to be completed and occupied. It is also important that as the majority of the £5m development cost for the whole scheme is coming by way of grant funding and that as the accountable body, the Council secures the grant funding outcomes agreed, of which phase 3 is part.

 

Also there is a desire to complete the works as soon as possible during the City of Culture year, enabling the maximum use of the new space.  ...  view the full minutes text for item 3.

4.

Palmer Lane Regeneration pdf icon PDF 418 KB

Report of the Director of Transportion and Highways

Additional documents:

Minutes:

The Cabinet Member considered a report of the Director of Transportation and Highways which indicated that, since 2019, the Council has transformed the city centre through a £44m programme of investment in the Public Realm. The impact of this work has been significant, attracting developers to invest in the city and preparing the city centre to become host of UK City of Culture 2021. This investment will be complemented by the next phase of the Public Realm improvements due to be completed later this year, using Coventry and Warwickshire Local Enterprise Partnership (CWLEP) Local Growth Deal grant and West Midlands Combined Authority funding.

 

Palmer Lane is a proposed regeneration scheme located within St Michaels Ward and within the City Centre boundaries, it is noted for being the point within the city that the River Sherbourne can be viewed. The Palmer Lane regeneration scheme aims to turn a part of the city centre into a visitor experience, deculverting the Sherbourne, supporting the repurposing of the Illingworth building and creating a new public space to spend time near the river. The scheme will include extensive landscaping, enhanced lighting and sustainability improvements to the area. It ties in with the works which have recently taken place on the Burges. Concept designs were detailed in an appendix to the report.

 

The scheme was approved in principle by Cabinet as part of the Public Realm Phase 5 report in March 2018. As a complement to the Public Realm 5 (PR5) works taking place in the city centre as a result of the approvals in that report, there is a need for an additional £0.95m to fund the regeneration of Palmer Lane and take advantage of external funding.  This gap funding of £0.95m has been identified from Council Corporate Capital Receipts.  The delivery of the Palmer Lane scheme has a total cost of £1.659m.

 

RESOLVED that the Cabinet Member for Jobs, Regeneration and Climate Change:-

 

1.  Approves the addition of £0.95m to the Capital Programme to fund the overall estimated £1.6m scheme.

 

2.  Delegates authority to the Director of Transportation and Highways to conclude negotiations and enter into legal agreements with various landowners for parcels of land to be acquired or leased by the Council and/or for licences to be entered into to enable works to be carried out and for agreements to be entered into and/or for leases to be granted by the Council to third parties over land in the Council’s ownership in order for the scheme to be viable.

 

3.  Notes the exercise of the delegated authority to commence the procurement exercise to appoint a works contractor for the delivery of the infrastructure requirements of the project and to award the contract to the successful tenderer.

 

4.  Delegates authority to the Director of Transportation and Highways, following consultation with the Director of Law and Governance, to approve grant expenditure to any such external body, third party or person as is deemed necessary for the delivery of the Palmer Lane project up to a  ...  view the full minutes text for item 4.

5.

Outstanding Issues

There are no outstanding issues

Minutes:

There were no outstanding issues.

6.

Any Other Items of Urgent Public Business.

Minutes:

There were no items of urgent public business.