Decision Maker: Strategic Director of Finance and Governance
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
To agree a variation to the development agreement, for the council to invest additional funding into the Manor and Braganza development.
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: