Decision details

Demolition of 2 Roman Rise

Decision Maker: Strategic Director: Sustainable Growth and Opportunity

Is Key decision?: No

Is subject to call in?: No

Decision:

(1)        To authorise officers to instruct solicitors for the Council to enter into an Agreement for Lease with HfL Build Ltd for the land at 2 Roman Rise.

 

(2)        On satisfaction of the conditions precedent contained in the Agreement to Lease to authorise officers to instruct solicitors for the Council to enter into the Lease with HfL Build Ltd for the land at 2 Roman Rise in order for HfL Build Ltd to proceed with the demolition of the building located on the site.

 

(3)        To authorise officers to instruct solicitors for the Council to enter into such other legal agreements, such as wayleaves and party wall agreements as are required to enable the completion of the development at 2 Roman Rise.

 

(4)        To note that, in order to cashflow HFL Build outgoings of £322k for post-planning fees and £186k for demolitions - £508k in total - HfL Group have requested to drawdown these sums on HFL Group’s working capital loan facility for 2021/22. The monies will be on-lent by HfL Group to HfL Build Ltd in the form of an inter-company loan. A decision to approve the drawdown request will be the subject of a separate decision by the s151 officer under delegated authority.

 

(5)        To note the contents of the Part 2 report.

 

Publication date: 19/07/2021

Date of decision: 27/07/2021

Accompanying Documents: