Decision details

Having considered a confidential officer report, and a presentation by the

Cabinet Member for Housing, Councillor Paul Bell, the Mayor and Cabinet, for

the reasons set out in the report and by a vote of 10-0:

RESOLVED that:

(1) the third annual Besson Street Business Plan be approved;

(2) authority be delegated to the Executive Director for Corporate Services to

implement the Besson Street Business Plan once it is finalised;

(3) the Final Viability Assessment Phase commences during this Business

Plan year which will include the transfer of the Besson Street site into the JV

development company;

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

Besson Street development as set out and that updated forecasts of this

amount be reported to Mayor and Cabinet through future Besson Street

Business Plan Updates; and the appointment of Katharine Nidd be approved

as a Member Representative on Lewisham Grainger Holdings LLP and

Besson Street LLP and as a Director of Besson Street Second Member

Limited; and

(5) a Deed of Indemnity be entered into with Katharine Nidd in respect of the

appointments referred to above.