Council meetings

Decision details

Besson Street Re-development Part 2

Decision Maker: Mayor and Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No


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:




(1) the rationale for pursuing a joint venture approach to housing development

be noted; 


(2) the likely outline financial arrangements for the scheme be noted;


(3) officers commence a process to select an investment partner with whom to

form that LLP, and to finalise with that partner the proposed detailed terms of

the partnership;


(4) authority to select the shortlist of potential bidders be delegated to the

Executive Director of Resources and Regeneration;


(5) authority to negotiate a variant to the proposed preferred 50:50 Joint

Venture model be delegated to the Executive Director of Resources and



(6) the final proposal negotiated through this exercise be subject to final

approval from Mayor and Cabinet, and that this is likely to be sought in early



(7) the position with the New Cross Gate Trust be noted and the key aspects

of the Heads of Terms as set out be approved;


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

Regeneration to enter into further negotiations with the New Cross Gate Trust.


(9) an additional stated capital programme budget be approved in order to

fund the additional tasks that will be required throughout the procurement

process, until the point of returning to Mayor and Cabinet in early 2017.

Publication date: 14/07/2016

Date of decision: 13/07/2016

Decided at meeting: 13/07/2016 - Mayor and Cabinet

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