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