Decision details

Gateway 3 - Variation Decision Manor and Braganza Development Agreement

Decision Maker: Strategic Director of Finance and Governance

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To agree a variation to the development agreement, for the council to invest additional funding into the Manor and Braganza development.

Decision:

 

 

1.   That a variation to the Development Agreement for Manor Place and Braganza with Durkan Limited (Durkan) to incorporate an additional payment of £4,913,782.08, be approved.

 

2.   That it be noted that £1.2m of this cost is provided by a grant from the Greater London Authority (GLA), resulting in a net payment from the council of £3,713,782.08.

 

3.   That it be noted that approval of this variation report is subject to the approval of the acquisition of 13 intermediate units as further detailed in paragraph 22 of the report.

Publication date: 11/05/2021

Date of decision: 10/05/2021

Effective from: 19/05/2021

Accompanying Documents: