The Executive Director of Neighbourhoods and Communities submitted a report that gave an update on an offer received following the marketing of the Beck View Site.
The Beck View sit was approximately 4.36ha in area and was situated adjacent to the Middlesbrough Teaching and Learning Centre (MTLC) off Cargo Fleet Lane. The site was bounded by Cargo Fleet Land to the east, to the north of the site was residential units, to the south allotments and to the west is Middle Beck and the Millennium Green. The develpment of the site, offers the opportunity to differentiate the housing product on offer in east Middlesbrough.
As part of the Marketing of the site a development guidance note was prepared to advise prospective developers on the Council's asperations for the site. The site was marketed on a competitive tender basis fo ra period of 8 weeks on teh NEPO procurement portal, there were also advertisements placed in the Estates Gazette.
The report outlined in detail, further information on:
Assessment of the Bid; and
Deductions from the Capital Receipt.
The report outlined in details that there were three options available.
That the selection of the developer for the Beck View site set out in Option 1 of the report be approved; and
That any further revision of the terms of sale as a result of further investigations carried out by the purchasers and any planning requirements be agreed by the Executive Director of Neighbourhoods and Communities and the Director of Resources.
The decision was supported by the following reason:
The offer received by the developer was the only offer received by the Council fo rthe site. If the site was to be marketed againin 6 - 12 months there is no guarantees that the site would return any more offers or an offer of greater value. The development of this site would deliver a capital receipt to the Council and further financial incentives through increased Council Tax revenue and New Homes Bonus. The development of the site would also provide a major capital investment in the east Middlesbrough and provide a greater housing mix for the area.