Issue - meetings
Development of Plot H Small Unit Scheme at Harlow Science Park
Meeting: 20/06/2019 - Cabinet (Item 12)
12 Development of Plot H Small Unit Scheme at Harlow Science Park 
PDF 229 KB
Additional documents:
- Confidential Appendix A - Derick Wade Waters Report , View reasons restricted (12/2)
- Appendix A2 - East Place, item 12
PDF 3 MB
- Appendix A3 - Harlow Gate, item 12
PDF 2 MB
- Appendix A4 - Weycat Works, item 12
PDF 517 KB
- Appendix A5 - Marshgate, item 12
PDF 556 KB
- Appendix B - Marketing Brochure, item 12
PDF 3 MB
- Confidential Appendix C - Appraisal , View reasons restricted (12/8)
- Appendx D - Site Plan, item 12
PDF 819 KB
Decision:
RESOLVED that:
A Cabinet approved the funding of approximately £7.2 million to develop Plot H of the Harlow Science Park into a range of ‘mid-tech’ units combining office, research and manufacturing/assembly space, to be known as Modus. The agreement of the final figure is to be delegated to Head of Finance and Deputy to the Managing Director in consultation with the Portfolio Holder for Resources and the Portfolio Holder for Economic Development following the appointment of a contractor and the agreement of a fixed price sum.
B The development be retained by Harlow Council as an investment with the development likely to comprise a mix of long leasehold disposals providing a capital receipt and shorter leases providing an ongoing revenue stream.
C The development be funded through borrowing repaid by the Enterprise Zone business rate uplift retention as agreed with the South East Local Enterprise Partnership (SELEP).
Minutes:
Cabinet received a report which sought approval of approximately £7.2 million worth of funding to develop Plot H of the Harlow Science Park.
Proposed by Councillor Mark Ingall (seconded by Councillor Mike Danvers) it was:
RESOLVED that:
A Cabinet approved the funding of approximately £7.2 million to develop Plot H of the Harlow Science Park into a range of ‘mid-tech’ units combining office, research and manufacturing/assembly space, to be known as Modus. The agreement of the final figure is to be delegated to Head of Finance and Deputy to the Managing Director in consultation with the Portfolio Holder for Resources and the Portfolio Holder for Economic Development following the appointment of a contractor and the agreement of a fixed price sum.
B The development be retained by Harlow Council as an investment with the development likely to comprise a mix of long leasehold disposals providing a capital receipt and shorter leases providing an ongoing revenue stream.
C The development be funded through borrowing repaid by the Enterprise Zone business rate uplift retention as agreed with the South East Local Enterprise Partnership (SELEP).