Decision details

The purpose of this report was to inform Cabinet of the proposed disposal of the Regional Pool Car Park to the joint venture company. The site had been identified as the preferred location to facilitate phase 3 of the university project due to the proximity of the first two phases at the previously known Wirrina Car Park. Planning permission was submitted in September 2022 for the development of a two-storey building, car parking and associated works and was granted planning permission at Planning Committee on the 13 December 2022.

Cabinet considered the report and RESOLVED to:

1.    Authorise the Council to transfer land at Regional Pool Car Park into the joint venture company to facilitate Phase 3 of the university project.

2.    Delegate authority to Executive Director of Corporate Services and Director of Legal and Governance, in consultation with the Cabinet Member for Finance and Corporate Governance to finalise and agree the final land value and all relevant contract and transfer documents.

3.    Note the requirement to provide a temporary car park to benefit the users of the Regional Pool.

To enable the joint venture company to continue to deliver the university project for the benefit of the City and wider economy

The Council could choose not to transfer the site to the JVCo but this would be a breach of the joint venture agreement and may lead to the termination of the JVCo resulting in the Council incurring costs incurred in connection with the project. This would have a significant impact on the overall delivery of the university project and was not recommended.

None.

The CMDN and Cabinet report prepared in relation to the transfer of land for phases 1 and 2 as detailed below:

APR20/CMDN/96

SEPT20/CAB/29