To consider the recommendations of the Clennon Valley Regeneration Group in relation to the procurement of a developer to enhance sport and tourism facilities at Clennon Valley.

That Moirai Capital Investment Ltd (MCI Ltd) as the preferred bidder for the sport and leisure improvements at Clennon Valley and Goodrington be rejected.

To review the winning tender bid received from MCI Ltd. and to determine whether or not to grant them preferred bidder status.

The Council has a responsibility to the public of Torbay to ensure that in return for the granting of a 125 year lease that the best possible sports, leisure and tourism hub is created.  The core outputs which MCI Ltd would be contractually obliged to provide are an insufficient return for this.

Alternative options are set out in the submitted report.

This decision will come into force and may be implemented on Wednesday 30 July 2014 unless the call-in procedure is triggered (as set out in the Standing Orders in relation to Overview and Scrutiny).

The submitted report sets out details of the successful tender following a procurement exercise for options for Council assets at Clennon Valley and Goordrington.

The evaluation of the bids identified Moirai Capital Investments Ltd (MCI) as the winning tender and part of the Official Journal of the European Union (OJEU) procurement requirements is for the Mayor to determine whether or not to grant preferred bidder status.

The proposal from MCI includes three 125 year leases relating to three zones totalling 97.9 acres.  The submitted report includes details of core outputs that will be achieved in each of the zones and optional outputs if commercially viable.

The Mayor considered the recommendations of the Council made on 17 July 2014 and his decision is set out above.

None