Consideration was given to a report of the Cabinet Member for Cabinet Member for Economy and Communications / Director of Economy which sought approval to sign the build contract for commence work on the main contract for the Upperbanks residential and hotel development in Rochdale town centre (Rochdale Riverside Phase 2).
By not developing the site the significant regeneration benefits and outcomes would not be realised and the £20m of external grant funding would not be available for the Council to utilise towards the project. Additionally there was potential for up to £8.7m of enabling/design works and fees to be written off to the Council’s revenue account should the scheme not proceed. Risks to further loss of income would be significant should the Local Housing Company not be established and/or the hotel franchise agreement not be realised.
The Cabinet Member for Finance and Corporate and Cabinet Member for Economy and Communication.
Asif Ibrahim (Assistant Director Legal, Governance and Workforce) as delegated at the meeting of Cabinet held on 15 September 2021.
That approval be given to the awarding of the build contract to construct the apartments and hotel via the procurement framework as detailed within the submitted report.
Reason for resolution
The Upperbanks scheme is a key regeneration priority for the Council and is an important component of the on-going regeneration of Rochdale town centre
Declarations of interest
There were no declarations of interest.