Issue details

London Eye S106 Agreement

Under the terms of a S106 agreement, the South Bank Employers Group (SBEG) provides specified operational and community initiatives in the South Bank area. These are financed by payments that the Council receives annually from the operator of the Coca-Cola London Eye. The Council makes payment to SBEG in arrears on the basis of goods provided and services rendered according to an agreed programme of work.

To approve the total budget of £764,472 for 2018/19.

Decision type: Key

Reason Key: 2. Financial;

Decision status: Recommendations Approved

Wards affected: Bishop's;

Notice of proposed decision first published: 15/12/2017

Decision due: 5 Nov 2018 by Cabinet Member for Equalities and Culture

Lead director: Strategic Director: Neighbourhoods and Growth

Department: Neighbourhoods & Growth

Contact: Andrew Burton, Assistant Director of Highways, Capital Programmes and Sustainability Email: Tel: 0207 926 6221.