northlincs.gov.uk

The following item contains exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended).

114 (19) LINCOLNSHIRE LAKES – EXCLUSIVITY AGREEMENT – The Head of Strategic Regeneration, Housing and Development submitted a report seeking approval to sign an Exclusivity Agreement to work with a private sector investment company to develop the Lincolnshire Lakes.

The Lincolnshire Lakes concept was developed as part of the Scunthorpe Urban Renaissance Programme. It is a transformational project which will bring significant benefits to North Lincolnshire as a whole. The project aims to use the natural resources within the area to create an enhanced landscape in which people can live and work and benefit from the outstanding recreational opportunities. It is an ambitious project and the council is developing a project plan which sets out how the scheme will be delivered. The council has been working with a private sector company, which is acquiring a significant land option within the Lincolnshire Lakes study area. There is agreement to work together to develop the project plan and work towards the development of a joint delivery vehicle to bring forward the project. It is now proposed to enter into an Exclusivity Agreement with the company which will require the council to work solely with that company for a stated period of time to develop the scheme. If significant progress is not made by the identified timescale there is a break clause for the council to withdraw. An urgent decision is required to sign the agreement as quickly as possible.

Resolved – That an Exclusivity Agreement be signed with the company referred to in the report.

Where there is no report this is because it is exempt, as it contains information which is considered to be of a confidential nature, as detailed in the Local Government (Access to Information) Act.

Note: Reports are in Portable Document Format (PDF) and therefore require a suitable reader to view them. A reader can be downloaded free from the Adobe website (full instructions for downloading the reader are provided on the site).