Purpose

To consider a report on the proposed disposal of the Stoke
Wharf.

Decision

(a) 
That the Draft Formal
Site Development Plan (the Draft Formal Site Development Plan is
the form that is presented to Cabinet) be approved.

 

(b) 
Approved the Council
entering into documentation to give effect to the Formal Site
Development Plan and which is anticipated to comprise (i) a Deed of
Variation to the Council’s Option Agreement with Stoke Wharf
Development (SWD) LLP; (ii) (in its capacity as a member of Slough
Urban Renewal LLP (SUR) the Sale Contract between SWD (of which SUR
is a member) and the Purchaser; (iii) (once the Sale Agreement
between SWD and the Purchaser has become Unconditional) a Transfer
of the Council’s land to the Purchaser (pursuant to the
Option Agreement); and (iv) (once the Sale Agreement between SWD
and the Purchaser has becomes Unconditional) a Works Access
Agreement between the Council and the Purchaser.

 

(c) 
That delegated
authority be given to the Executive Director of Regeneration,
Housing and Environment, in consultation with the Lead Member for
Financial Oversight and Council Assets and the Executive Director
of Finance and Commercial to (i) approve the final form of the
Draft Formal Site Development Plan that is presented to the SUR
Business Board for its approval; and (ii) to approve the final
terms of the documentation required to give effect to the final
form of the Draft Formal Site Development Plan.