Excalibur Development Agreement and Land Disposal
Additional documents:
Minutes:
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RESOLVED |
That
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(i) an overarching Development Agreement with London and Quadrant Housing Trust be entered into for the Excalibur Regeneration Scheme on the basis of the key principles outlined;
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(ii) a contribution be made by the Council to the Excalibur Regeneration Scheme up to a stated amount of the Council’s share of Chrysalis stock transfer Right to Buy receipts;
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(iii) subject to the consent of the Secretary of State under Section 233 of the Town and Country Planning Act 1990 being obtained, the disposal and development of the Council’s freehold interest in the Phase 1 and 2 site be approved in accordance with the overarching Development Agreement and on the detailed terms set out;
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(iv) the financial arrangements detailed be approved; and
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(v) authority be delegated to the Executive Director for Resources and Regeneration, in consultation with the Executive Director for Customer Services and the Head of Law, to negotiate and agree the final terms of the Development Agreement and all other associated legal agreements with London and Quadrant Housing Trust. |