Issue - meetings

To consider a report of the Portfolio Holders for Finance, Commercial and Assets and Highways, Travel and Transport.

Please note that the appendix associated with this report is an exempt document.

Decision

(a)       That the implementation of riverbank improvements to the River Brit to commence in October 2020, be approved;

(b)       That officers be instructed to complete an extension of the lease to the site operator of the Campfield Holiday Park at West Bay until 31st January 2074 on terms described in the confidential appendix which will fund the cost of the project works. 

Reason for Recommendation:    

A decision is required to progress the riverbank reinforcement project to the River Brit in West Bay, to address the risk of river flooding to the Campfield Holiday Park and adjacent properties in Forty Foot Way.

The Council is the freehold owner of the Campfield Holiday Park which is leased to Parkdean Resorts who have been the Council’s tenant for 53 years. Parkdean Resorts are prepared to fund the estimated project costs from a capital premium in return for granting a 50 year lease extension that will encourage the tenant to continue to invest in a sustainable business in West Bay.

The Portfolio Holders for Finance, Commercial & Assets and Highways, Travel & Environment set out a report seeking authority to implement riverbank improvements to the River Brit with the work planned to commence in October 2020. The Portfolio Holder for Finance, Commercial and Assets advised that the funding proposal for the project presented no significant cost to the Council whilst also producing an enhanced annual rent payable by the tenant of good covenant.  The Portfolio Holder for Highways Travel & Environment reported that he fully supported the recommendation.

Decision

(a)       That the implementation of riverbank improvements to the River Brit to commence in October 2020, be approved;

(b)       That officers be instructed to complete an extension of the lease to the site operator of the Campfield Holiday Park at West Bay until 31st January 2074 on terms described in the confidential appendix which will fund the cost of the project works. 

Reason for Recommendation:    

A decision is required to progress the riverbank reinforcement project to the River Brit in West Bay, to address the risk of river flooding to the Campfield Holiday Park and adjacent properties in Forty Foot Way.

The Council is the freehold owner of the Campfield Holiday Park which is leased to Parkdean Resorts who have been the Council’s tenant for 53 years. Parkdean Resorts are prepared to fund the estimated project costs from a capital premium in return for granting a 50 year lease extension that will encourage the tenant to continue to invest in a sustainable business in West Bay.

Decision

That a decision be deferred to enable further exploration of alternative options.

Reason for decision: A deferral will provide the Council with the opportunity to explore alternative options for the funding of the improvements project.

The Cabinet Member for Highways, Travel and Environment proposed that a decision on the report to secure a capital funding contribution towards works forming part of the current West Bay Coastal Improvements Project from the tenant of the Council’s Campfield Site in exchange for granting a lease extension be deferred to enable further exploration of alternative options.

Decision

1.       That a decision be deferred to enable further exploration of alternative options.

Reasons for Decision

A deferral will provide the Council with the opportunity to explore alternative options for the funding of the improvements project.