Decision details

The Mayor asked that again consideration be given to the release of a

statement on a positive development in the borough.

Having considered a confidential officer report and a presentation by the

Cabinet Member for Housing, Councillor Damien Egan, the Mayor, for the

reasons set out in the report:

RESOLVED that:

(1) the draft Members Agreement be approved noting that it is in line with the

principles that were agreed by Mayor and Cabinet on 6 December 2017;

(2) authority be delegated to the Executive Director of Resources and

Regeneration to agree the final Members Agreement in line with the

Commercial Summary of Joint Venture Members Agreement as attached;

(3) the Officers' Mandate and Governance Guide, as attached, be approved;

(4) an indemnity be provided for officers on the terms set out;

(5) the draft Besson Street Business Plan based on the Besson Street design

completed by Assael Architects be noted;

(6) authority be delegated to the Executive Director for Resources and

Regeneration to agree the final Besson Street Business Plan when it is

adopted by the JV upon creation, as set out;

(7) authority be delegated to the Executive Director for Resources and

Regeneration to implement the Besson Street Business Plan once finalised;

(8) authority be delegated to the Executive Director for Resources and

Regeneration to appoint Lewisham’s Project Board Representatives who will

work to deliver the Besson Street Business Plan;

(9) the Council be called on to invest in the JV upon stabilisation of the

Besson Street development and that it may be required to invest equity during

development and that these amounts will be reported back to Mayor and

Cabinet through future Besson Street Business Plan Updates.

The meeting closed at 5.59pm