Purpose

This paper will set out the context and
rationale for a required Deed of Variation to the Development
Agreement signed with London Square in respect of the
council’s land at 49 Brixton Station Road and 6 Canterbury
Crescent and will seek appropriate delegated authorities to secure
future redevelopment of the sites.

Decision

1.    
To approve to
amend the council’s Minimum Requirements and
revise the terms of the Development Agreement in
December 2024
in line with the detail
included in this report. 

 

2.    
To delegate authority
to the Corporate Director: Climate and Inclusive
Growth, in consultation with the Deputy
Leader for the Council(Housing, Investment and New Homes)
and the Corporate Director of
Finance to finalise terms, execute and enter into a Deed of
Variation to the Development Agreement with London Square as well
as publish associated legal notices in
January 2025. 
 

3.    
To delegate authority
to the Corporate Director:
Climate and Inclusive Growth, in consultation with the
Deputy Leader for the Council (Housing, Investment and New
Homes) and
the Corporate Director
of Finance to negotiate and agree all property and legal agreements
including lease agreements on the satisfaction of the Condition
Precedents with London Square and a
NominationsAgreement to fully
implement and facilitate delivery of the
development.