To enable members to make an informed decision on the viability of the proposals for this site and give authorisation to proceed with the development as detailed in the report.

(i)         That the progress with the redevelopment of the peninsula be noted;

(ii)        That the potential need for the scheme to involve some level of public sector investment to assist viability depending on the delivery strategy selected;

(iii)       That £500,000 be allocated from capital receipts to enable the scheme to be progressed by undertaking a range of further preparatory work including:

            (a)       Progress the scheme design and secure outline planning                 consent;

            (b)       Formal Marketing of initial elements to secure pre-let and/or pre-      sales of initial units;

            (c)        Secure specialist legal advice and professional services to

support the further development of the scheme;

(d)        Financial appraisal of the harbour investment proposals from the    Fisher report;

(e)        Undertake further financial modelling and development of                funding options for the "Borrow & Retain" option set out in the    report to Management Committee on 19 September 2017.

(iv)         That authority be delegated to the Strategic Director (M Hamilton), in                      consultation with the section 151 Officer, to progress all matters arising                in item (iii) above.

(v)          That appropriate governance arrangements be set out and reported back to a future meeting of the Management Committee.