(a) That it be agreed that in addition to building two hotels and a restaurant, the mixed-use scheme should include 60 residential apartments.
(b) That it be noted that having previously granted an option over the land, the entire mixed-use scheme be developed by Slough Urban Renewal.
(c) That it be noted that a separate report would be presented to Cabinet in spring 2017 that sought approval to dispose of the residential element for a sum that reflects the best value valuation.
(a) That the Old Library Site was no longer required for the purposes for which it is presently held.
(b) That the Old Library Site be appropriated for other purposes for the benefit, improvement or development of the Council’s area.
(c) That a recommendation be made to Full Council that the Council develop two hotels and a restaurant on the Old Library site, at an estimated cost of £30.5m (borrowing cost £55m) for the hotels and £1.7m (borrowing cost £3m) for the restaurant.
(d) That the Council enter into an Agreement for Lease with Landlord’s Works for a 25-year term with a hotel operator for part of the Old Library Site and note that this could be extended to 45 years to match the offer from the hotel operator.
(e) That a follow-up report be presented to Cabinet in September 2016 to present complementary development options and recommendations for the remainder of the site.