Decision

The Committee NOTED:

1)    The updated Joint Venture Business Plan for Cambridge Road Estate;

RESOLVED that:

2)    Authority be delegated to the Executive Director of Place to complete and enter into legal agreements on behalf of RB Kingston granting a Power of Attorney to named representatives of the LLP for the execution of documents as set out in paragraphs 30-32 and in accordance with the Side Letter;

3)    Authority be delegated to the Monitoring Officer, in consultation with the Executive Director Place, to finalise and complete the variation to the Business Intervention Agreement/AGHA Agreement;

4)    Authority be delegated to the Executive Director of Place, in consultation with the Chief Executive, S151 officer and the Portfolio Holders for Finance and Housing, to agree additional mitigation measures for phase 1.