HBC Field - key decision
Additional documents:
Minutes:
The Board considered a report of the Chief Executive, on the progress in
relation to HBC Field and to make recommendations for its development as part
of the 3MG Masterplan. The report set out details for
Members’ consideration.
Reason(s) for
Decision
The
Council to enter into a Development Agreement with the preferred developer for
the development of the HBC Field. The Council to enter into an Easement Agreement with
Network Rail for the delivery of the 3MG Rail connection.
Alternative
Options Considered and Rejected
The various
mechanisms had been reviewed to bring forward the development of HBC Field and
the Development Agreement was the option recommended as it protected the
Council interests far more than a straightforward disposal. The Council had
considered alternative ways of progressing HBC Field. The Easement Agreement
with Network Rail was unavoidable. The Council had taken legal advice to fix
the position.
Implementation
Date
Both agreements
would be implemented as soon as practicable and before August 2015.
RESOLVED: That
1) the
Council enters into a Development Agreement with IDI Gazeley
for the development of HBC Field;
2) the
Council enters into lease agreements for the disposal of HBC Field to IDI Gazeley;
3) the
Chief Executive, in consultation with the Leader and Portfolio holder for
Physical Environment, be authorised to take such action as he judges necessary
to give effect to the above; and
4) the Operational Director, Legal and Democratic Services, be authorised to enter into such agreements and take such other actions concerned with legal and administrative processes as may be necessary to give effect to the above.