Decision

The Committee RESOLVED (unanimously):

To authorise the Executive Director: Growth and Regeneration, in consultation with the Chair of the Strategy and Resources Policy Committee, Section 151 officer and Director of Legal Services to take all steps required:

1. To seek and enter into agreement with Homes England to either defer or transfer the repayment obligation under the provision of the Hengrove Park Phase 1 Infrastructure Grant Funding Agreement dated 23 February 2010 to the BTQ LLP.
2. Subject to reaching agreement with Homes England to defer or transfer the repayment liability, to utilise allocated clawback provision to acquire Lower Station Approach including entering into any necessary legal agreements.
3. To agree the terms for, and thereafter conclude, and enter into, an option agreement with the Bristol Temple Quarter LLP subject to satisfaction of the best consideration test being met under section 123(1) Local Government Act 1972.
4. To agree the terms for, and thereafter conclude, and enter into, option agreements (and associated documentation) with the BTQLLP for Redcliffe Way (as identified at Appendix A1) subject to satisfaction of the best consideration test being met under section 123(1) Local Government Act 1972
5. To reach and enter into agreement to acquire leaseholder interests within Temple Quarter where Bristol City Council hold the reversionary freehold, subject to the costs being met by either Homes England, Combined Authority, Bristol Temple Quarter LLP or its appointed development partner.