Decision

The Cabinet Member for Planning and Economic
Development has approved the London HQ Limited Proposal in respect
of the Victoria Renewal and Alteration BID.
 

-       
To request the Chief Executive as the City Council’s
Returning Officer and ballot holder to hold a ballot on behalf of
London HQ Limited in respect of their Victoria Renewal and
Alteration BID Proposal.

-       
That the Director of Law be authorised on behalf of the City
Council to enter into the necessary legal agreements for collection
of the BID Levy. In addition, deal with related documentation which
the City Council is required to enter
into with London HQ Limited to deliver relevant services in
relation to the Victoria BID area throughout the BID’s
renewal term and any other necessary legal matters as instructed
and in consultation with the appropriate Council officers.

-       
Approved the budget of £262,816 for BID levy payments that
may become due from the Council to the BID for the 5 year BID term if the ballot is successful.