Decision

That
Cabinet:
 

a)      
approve, subject to appropriate legal mechanisms and
formal decision from Newark Town Council it does not wish to take
on the land, the Council entering into a long-term arrangement to
adopt and maintain the open space from the first phase of the
Middlebeck development in Newark;
 

b)      
approve the maintenance of the land in return for a
£2million commuted sum agreed with the developer, Urban &
Civic;
 

c)       
agrees that, at the end of the 20-year period,
ongoing maintenance of the land would be funded from the
Council’s own resources;
 

d)      
approves that delegated authority be given to the
Council’s Directors - Communities & Environment and
Planning & Growth, in consultation with the Portfolio Holders
for Biodiversity & Environmental Services and Strategy,
Performance & Finance, to enter into an appropriate
legally-binding contract with the developer Urban & Civic, as
detailed at paragraph 2.6 of the report; and
 

e)      
approves that Newark Town Council be formally
approached for a decision about whether it wishes to take on
responsibility for the future ownership and maintenance of the land
in line with the principles set out in the Devolution
Agreement.