Decision type: Key

Reason Key: Disposal of capital asset valued in excess of £250,000;

Decision status: Recommendations Approved

Wards affected: Tormohun;

Notice of proposed decision first published: 24/06/2015

Decision due: 23 Jul 2015 by Council

Decision due: 23 Jul 2015 by Elected Mayor

Decision due: 1 Oct 2015 by Elected Mayor

Lead member: Elected Mayor and Executive Lead for Assets, Finance, Governance and Corporate Services, Economic Regeneration and Transformation

Lead director: Chief Executive of Economic Development Company

Contact: David White Email: david.white@tda.uk.net.

Consultation process

Consultees

Reason for inclusion in Forward Plan: Secure the inward investment and job creation; improve the restaurant offer along the seafront for residents and visitors alike; improve the building and the built environment.

Key Risks: The inward investment does not proceed and the opportunity to capitalise on this proposal is missed. That works start but are not completed (this can be mitigated against by seeing a detailed cost plan for the works and evidence of funding before the works are started).

If you want to make representations contact:: David White, Senior Development Surveyor, Torbay Development Agency, 3rd Floor, Tor Hill House, Union Street, Torquay, TQ2 5QW, telephone (01803) 207919, email david.white@tedcltd.com