Purpose

The Council’s agreement is sought for a
continuation of the covenant to undertake site reinstatement works
in the event that the Hampton Pool Trust fails to comply with its
licence obligations in that respect. This is a fundamental
component to facilitate the progress of the proposed 20-year
licence from Royal Parks. A condition of the agreement for granting
the 1985 and all subsequent licences to Hampton Pool Limited was
that the Council would act as a guarantor to return the pool site
to park land should Hampton Pool Limited/Hampton Pool Trust fail to
do so.

Content

RESOLVED:
That
Committee AGREED to the Council providing a backstop guarantee in a
20-year licence agreement between the Hampton Pool Trust and The
Royal Parks for the reasons set out in the report.