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.