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Cabinet RESOLVED
to;
 
2.1 Agree to enter into the
following agreements to facilitate the regeneration of the town
centre:
 
a) Deed of Release and
Replacement of Guarantor in respect of the CPO Indemnity & Land
Transfer Agreement (“ILTA”) releasing Hammerson UK
Properties Limited as a guarantor and appointing Unibail-Rodamco TH B.V. as the replacement
guarantor; and
 
b) 4th Supplemental Agreement
to the ILTA in relation to general updating and introducing the
revised remedy provisions.
 
2.2 Agree to delegate authority
to the Corporate Director of Sustainable Communities, Regeneration
and Economic Recovery to negotiate and enter into a Conditional
Land Sale Agreement in relation to the freehold of the former
Allders Car Park, the leasehold of the
Whitgift Car Park, subsoil of a small area of land in Poplar Walk,
subsoil of part of Dingwall Avenue, and possible ground anchor
licences.
 
2.3 Agree to delegate authority
to the Corporate Director of Sustainable Communities, Regeneration
and Economic Recovery in consultation with Executive Mayor and
Cabinet member. to finalise the terms of the above agreements (as
set out in paragraphs 2.1 and 2.2) and take decisions pursuant to
the above agreements once completed, including in relation to the
implementation of the remedies