Decision details

Lollard s106 – Agreement for Lease

Decision Maker: Deputy Leader of the Council (Planning, Investment and New Homes)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

 

1.            To authorise officers to arrange for the completion of the  Agreement for Lease for Lollard Street (land on the Ethelred Estate) between the Council and  HFL Group Ltd on behalf of the Council

 

2.            To authorise officers to arrange for the completion of the Lease for 70 homes at Lollard Street (land on the Ethelred Estate) between the Council and HFL Group Ltd on behalf of the Council.

 

3.            To authorise officers to arrange for the completion of the head lease for the 12 private homes at Lollard Street (land on the Ethelred Estate) between the Council and HFL Group Ltd on behalf of the Council.

 

4.            To authorise officers to arrange for the completion of the Heat Supply Agreement for Lollard Street (land on the Ethelred Estate) between the Council and HFL Group Ltd on behalf of the Council.

 

5.            To sign the written shareholder's resolution at Appendix A to issue new shares and thereby increase the share capital of HFL Group Ltd by a value of eight million, one hundred and thirty five thousand and seven hundred pounds (£8,135,700.00) and provide for the directors of HFL Group Ltd to allot those shares to the Council in consideration of the two leases.

 

Publication date: 02/01/2019

Date of decision: 10/01/2019

Effective from: 18/01/2019

Accompanying Documents: