Agenda item

To follow.

Report: see pages 1 To 11 of the supplemental agenda pack No.1 and pages 1 to 8 of the supplemental agenda pack No.2

The officer introduced the report, and responded to questions put by members of the committee.

The chair explained that for an item such as this the committee would normally not hear contributions from members of the public, however, on this occasion he had decided to allow representatives of the traders affected by the business relocation strategy, and the applicant, to address the committee in two three-minute slots.

The spokespersons for the traders addressed the committee and responded to questions put by members of the committee concerning the content of the business relocation strategy.

The applicant’s representatives addressed the committee and answered questions put by members of the committee concerning the content of the business relocation strategy.

RESOLVED:

That the wording of the Business Relocation Strategy in the s106 legal agreement set out in Appendix A of the report and the addendum report be agreed, with the following further amendments:

·  That rents at the temporary food market will be set at the same level as currently in Mercato, based on a percentage of monthly revenue, but with no minimum rent applied and fixed at that level for the duration of the trader’s stay in the temporary market facility.   

·  That the temporary food market will be codesigned with traders in fortnightly meetings.  

·  That individual traders can join the regular meetings with the independent business advisor and applicant.  

·  That in five years’ time, if any traders in the temporary facility cannot be supported in the newly-built food market facilities, these traders will receive payments from the business relocation fund (by means of a top-up fund paid for by the applicant, if the original business relocation monies have been used up) which are equivalent to those received by traders not relocating to the temporary structure (£12,500 per trader). These traders who cannot move from the temporary to the newly-built facilities will also be receiving relocation advice including potential new sites through the independent business advisor.  

·  That applications for spaces in the temporary market need to be received ten months before the closing date of the current market facilities, with notifications about the success of the application having to be communicated to applicants at the latest eight months before the closing date of the current market facilities.