Decision details

Consideration of acquisition of land within the ISV to progress development strategy and conclude Development Agreement for Waterfront site.

Appendices 1 and 5-11 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14, 16 and 21 of Schedule 12A of the Local Government Act 1972.

RESOLVED: that

1.            the acquisition of assets owned by Greenbank Partnership Ltd (including its subsidiaries) be approved in accordance with the Heads of Terms set out at Confidential Appendix 5 and to authority be deleated to the Director of Economic Development in consultation with the Cabinet Member for Investment and Development, the Section 151 Officer and the Legal Officer to deal with all matters relating to legal completion of those assets and management of the Ice arena.

2.            Subject to (1) above, the formal termination of the International Sports Village Development Agreement with Greenbank Partnership Ltd attached as Confidential Appendix 1 by mutual agreement be authorised