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.