Issue - meetings

To consider the report of the Cabinet Member for Economic Development seeking approval for changes to the commercial terms of the Toys R Us Development Agreement.

DECISION MADE: (CAB 23/24 45149)

On consideration of the report of the Cabinet Member for Economic Development, Cabinet agreed the following:

(i)  To approve the proposed changes to the Development Agreement and recommendations set out in Confidential Appendix 1.

(ii)  To delegate authority to the Chief Executive following consultation with the Leader, Executive Director Corporate Services and Director of Legal & Governance to finalise the detailed terms of the amendments required to the Development Agreement Lease and all other ancillary legal documentation to support the delivery of the scheme.