Purpose

Approve entering into a
Development Agreement with Wrenbridge.

Approve the surrender of existing leases and grant of a new 150-year lease to Wrenbridge in respect of Plots 9, 10-11 & 12

Approve Wrenbridge, in conjunction with the Council,
to master plan the wider Mercers Row area to include Plots 6-8 and 13-16.

To delegate authority to the Interim Property Lead for the final approval of
the proposed development agreement and lease terms.

Content

The Committee unanimously voted and agreed to exclude
the public after considering that the public interest was outweighed by
paragraph 3 of Part 1 of schedule 12A of the Local Government Act 1972 to
enable committee debate of the officer report.

 

The Scrutiny Committee unanimously approved the
recommendations.

 

The Leader approved the recommendations.