Oak Fields Development Update - To Follow
Report of Councillor J Barry, Portfolio Holder for Growth and Assets
(Paragraph 3)
Decision:
RESOLVED –
1. That Cabinet approves a payment schedule as set out in paragraph 2.12.
2. That Cabinet agrees that, following determination of the revised planning application and further progress on warranty matters, a further Deed of Variation to the Share Purchase Agreement is executed, reprofiling of remaining payments to a “little and often” structure.
3. That Cabinet authorises the Director of Growth and Assets, in consultation with the Leader and the Section 151 Officer, to agree terms and complete the Deed of Variations to give effect to the above, including appropriate protection of the Council’s security.
This was a Key Decision but in accordance with 13 (h) of the Council’s Scrutiny Rules, the Call in procedure has been waived.