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RESOLVED:
 

1.1.        
Approve the draft Heads of Terms between Polaska
Assets Limited (Polaska) and the Council (as set out in Part B
appendix 1) relating to the proposed redevelopment by Polaska of
Purley Leisure Centre and surrounding site, and with a view to
negotiating and entering into a development agreement and property
agreements.
 

1.2.        
Delegate authority to the Corporate Director of
Sustainable Communities, Regeneration and Economic Recovery, in
consultation with the Director for Commercial Investment and
Capital, to finalise and enter into the Head of Terms (HoT) between the Council and Polaska.
 

1.3.        
Delegate authority to the Corporate Director of
Sustainable Communities, Regeneration and Economic Recovery, in
consultation with the Director for Commercial Investment and
Capital, to finalise the drafting of the development agreement and
new head lease between the Council and Polaska.
 

1.4.        
Agree that there will be a further report presented
to the Executive Mayor in Cabinet seeking authority to enter into a
development agreement and lease agreements with Polaska for the
redevelopment of Purley Leisure Centre and surrounding site,
subject to further due diligence and planning
permission.
 

1.5.        
To notes the opportunity to regenerate an important
part of Purley town centre as set out in the Mayor’s wider
business plan (2022 – 2026).