Issue - meetings
Nelson Gate
Meeting: 18/06/2019 - Cabinet (Item 8)
To consider the report of the Leader seeking approval to commercial terms for re-structuring of existing leases and completion of the necessary documentation required in order to progress regeneration of the Nelson Gate site.
Additional documents:
- Appendix 1 for Nelson Gate (Site Plan), item 8
PDF 98 KB
- Appendix 2 for Nelson Gate (Aerial view of Scheme), item 8
PDF 3 MB
- Appendix 3 (Heads of Terms for Nelson Gate) , View reasons restricted (8/4)
- Appendix 4 (Commercial Report on Nelson Gate) , View reasons restricted (8/5)
Minutes:
DECISION MADE: (CAB 19/20 23856)
On consideration of the report of the Leader of the Council, Cabinet agreed the following:
(i) That the principles of the Commercial Terms set out in Confidential Appendix 3 be endorsed.
(ii) That following consultation with the Leader of Council, the Director of Finance and Commercialisation subject to receipt of a satisfactory S123 report, the Director of Growth be given delegated authority to finalise terms as referred to in (i) above for the proposed transaction and legal agreements relating thereto.
(iii) That the Director of Legal and Governance be given delegated authority to enter into all legal documentation necessary to facilitate regeneration of Nelson Gate (e.g. new leases) pursuant to terms of the Agreement referred to at (ii) above being met.