Decision details

1.  That the termination of the development agreement between the London Borough of Southwark and Clarion Housing Group Limited (Clarion) and Latimer Developments Limited (Latimer), to whom Affinity Sutton Homes Limited (Affinity) assigned its benefit in and rights under the Development Agreement be approved.

2.  That it be agreed that Latimer be paid the amount not exceeding £650,000 for intellectual property rights subject to sign off by the director of regeneration regarding content and warranties.

3.  That subject to gateway approvals, officers be authorised to pursue a procurement approach for the development of the Copeland Road Car Park site as outlined in paragraphs 16 - 19 of the closed report.

4.  That it be noted, as per the requirements of contract standing order 10, the strategic director of finance and governance and the monitoring officer have been consulted on and support the decision to terminate the development agreement.