Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 30, 2025

Purpose: Authority sought to appoint preferred developer for Friar Park site, and to approve amendments to commercial terms of agreement with WMCA

Content: Resolved:-   (1)  that delegated authority is given to the Executive Director – Place to appoint the Preferred Developer for the Friar Park, and in conjunction with the Executive Director – Finance and Transformation and Monitoring Officer to complete the contractual agreements with the preferred developer;   (2)  that delegated authority is given to the Executive Director – Place to confirm the proposed amendments to the Joint Venture Agreement with West Midlands Combined Authority, and, in conjunction with the Executive Director – Finance and Transformation and the Service Director Governance - Monitoring Officer to complete the agreement with West Midlands Combined Authority.