Purpose

Further to the decision and
Agreement for Sale in May 2024, where the Council
approved entering into a
deferred capital receipt arrangement with Regen
Coulsdon,
the deferred receipt long stop
date has now been breached. Regen Coulsdon is now
in Default of their commitment.
The Council has issued a Demand Notice and
Reserve of Rights letter to
Regen Coulsdon on 1st December 2025.
 
The Council will now consider
Options as set out in Part B and request approval from
Mayor Perry to exercise options
as set out in the recommendations. The Council will
benefit from either
outcome.
 

Content

1.1         
To approve recommendations as provided in Part
B.
 
1.2         
To delegate authority to Corporate Director
Resources as set out in Part B.
 

Reasons for the decision

Detailed in Part B.
 

Alternative options considered

Detailed in Part B