Agenda item

Report by Executive Director – Development and Infrastructure Services

A report which provided the Committee with an update on progress in relation to the Lorn Arc TIF, and the latest budget position as at the end of June 2017, was given consideration.

Decision

The Policy & Resources Committee -

1.    Noted the updates on the Lorn Arc programme provided in the paper and the attached Appendices A through to I of the submitted report.

2.    Noted the detail provided in para 4.4 of the submitted report and endorsed officers continuing to explore alternative funding models that would unlock the economic potential of Oban.

3.    Agreed that the remaining available drawdown of £90k could be used as a contingency fund for Project 1. Lorn/ Kirk Road and noted that the Lorn Arc team would continue to manage Project 1. Lorn/ Kirk Road until the infrastructure (road and associated utilities) element of the project was delivered, and that once delivered, the project would be removed from the TIF programme.         

4.    Noted and endorsed that with regard to Project 3. Halfway House Roundabout, officers were working with the private sector on potential investment opportunities, and were presently awaiting feedback from private sector commercial agents.

5.    Agreed to the development of a Strategic Development Framework for Project 4. Oban South and a report coming back to members in the first quarter of 2018.

6.    Agreed to the development of an options appraisal for Project 5. North Pier Extension, which would be discussed with members in December.

7.    Noted that with regard to Project 9. Oban Airport Access and Enablement, the Lorn Arc team were working with a range of Council Services to enable the work on this project to be completed.

(Reference: Report by Executive Director – Development and Infrastructure Services dated 11 August 2017, submitted)