Issue - meetings

      Report of the Chief Executive

Reason for taking item in private:

Paragraph 3 - information relating to the financial or business affairs of any particular person (including the authority holding that information).

Cllr Richard Clewer, Deputy Leader and Cabinet Member for Corporate Services, Heritage, Arts & Tourism, Housing and Communities received comments on the financial, business and Joint Venture advice received from 31 Ten.

Resolved:

To note the exempt advice provided by 31 Ten.

Reason for decision:

The council owns a significant amount of the land which is included as part of

the Future Chippenham programme. The council should seek to maximise the

value from these important public assets and ensure that it achieves the objectives of the Future Chippenham programme while delivering the best

possible return for the Wiltshire Council and its residents. The expert advice

received by the council strongly indicates that the optimum model for achieving these objectives is to seek a joint venture partner to form a master developer for the council-owned land included in the programme. Therefore, cabinet’s approval is requested to endorse both this approach and to agree that the council team proceed with the procurement of specialist commercial, legal and property advice to deliver a successful and compliant procurement process to secure a joint venture partner.