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Issue - meetings

Surrey Canal Triangle Land Agreement

Meeting: 11/09/2013 - Mayor and Cabinet (Item 15)

15 Surrey Canal Triangle Land Agreement pdf icon PDF 124 KB

Additional documents:

Decision:

Having considered both an open and a confidential officer report, and a presentation by the Deputy Mayor, the Cabinet in the absence of the Mayor agreed that

 

(i) a Conditional Land Sale Agreement be entered into with Renewal Group Limited on the basis of the Heads of Terms outlined the exempt report;

 

(ii) a Compulsory Purchase Indemnity Agreement be entered into with Renewal Group Limited prior to the Conditional Land Sale Agreement being completed; and

 

(iii) authority be delegated to the Executive Director for Resources and Regeneration, in consultation with the Director of Regeneration and Asset Management and Head of Law, to finalise the terms of the Conditional Land Sale Agreement and any associated legal documentation and to enter into the Conditional Land Sale Agreement.

 

Minutes:

The Cabinet accepted this as a late item as the report was not available for

the original dispatch because it was not possible to negotiate and agree all

the elements of this complex project in time to meet the prescribed final

submission date for the report. The report was urgent and could not wait until

the next meeting of Mayor & Cabinet on 2nd October 2013 because that

would have delayed progress on the assembly of the land required to deliver

the Surrey Canal Triangle regeneration scheme.

 

Having considered both an open and a confidential officer report, and a

presentation by the Deputy Mayor, the Cabinet in the absence of the Mayor

 

RESOLVED that

 

(i) a Conditional Land Sale Agreement be entered into with Renewal Group

Limited on the basis of the Heads of Terms outlined the exempt report;

 

(ii) a Compulsory Purchase Indemnity Agreement be entered into with Renewal

Group Limited prior to the Conditional Land Sale Agreement being completed;

and

 

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

Regeneration, in consultation with the Director of Regeneration and Asset

Management and Head of Law, to finalise the terms of the Conditional Land Sale

Agreement and any associated legal documentation and to enter into the

Conditional Land Sale Agreement.