Purpose

This report seeks
approval for the Council to enter into the Settlement Deed covering
properties in Camden identified as being within 30 meters of
tunnels associated with the railway line and therefore potentially
at risk of ground movement arising from HS2 tunnelling
works.
 
The Settlement
Deed is a formal legal agreement that provides property owners with
structured rights to compensation and dispute resolution where
ground movement occurs. HS2 is the UK’s new
high?speed
railway, and “settlement” refers to the way land and
buildings may shift during tunnelling or excavation. The Deed
records HS2 Ltd.’s obligations to protect affected properties
and compensate owners where necessary.

Content

THAT, following
consultation with the Director of Finance, the Cabinet Member for
Finance and Cost of Living, the Cabinet Member for Planning and a
Sustainable Camden and the Cabinet Member for Better
Homes:-
 

(i)                
The finalising of and entering into the Settlement Deed with
HS2 Ltd. for Camden-owned properties, the terms of which are
summarised in the report, be approved;.
 

(ii)               
Authority be delegated to the Head of Euston Regeneration
to

 

a. take
all decisions reasonably required to enter into any future
Settlement Deeds to secure Council-owned properties that may be
required to be covered by the terms of the Settlement Deed that are
not currently included; and
 

b. take
all actions reasonably necessary to enable the Council to review
technical reports and engage in negotiations with HS2 Ltd regarding
the compliance with, and enforcement of, the obligations set out in
the Settlement Deed.