Issue - meetings

To agree revised heads of terms for a development agreement and agree that British Land should undertake a public consultation on options for entering a long term arrangement for the management of various areas of public realm.

RESOLVED:

1.  That the revised heads of terms for a development agreement as set out in Appendix 3 of the report be agreed.

2.  That British Land (BL) undertake public consultation on options for entering into a long term arrangement for the management of various areas of public realm so as to secure investment and a sustainable future for these important local assets and to report back as part of work on agreeing the final development agreement for Canada Water.

3.  That officers be instructed to work with BL to create a social regeneration charter for the Canada Water area as outlined in paragraphs 25-26 of the report, for incorporation in the development agreement being finalised with BL.

4.  That the request from BL that the council will support the regeneration project with the use of its powers under section 203 of the Housing and Planning Act 2016 subject to satisfaction of the relevant legal requirements and a further specific cabinet approval be noted.