Purpose

Authority sought to appoint preferred developer for Friar Park site, and to approve amendments to commercial terms of agreement with WMCA

Decision

Resolved:-

(1)  that delegated authority is given to the Executive Director – Place to appoint the Preferred Developer for the Friar Park, and in conjunction with the Executive Director – Finance and Transformation and Monitoring Officer to complete the contractual agreements with the preferred developer;

(2)  that delegated authority is given to the Executive Director – Place to confirm the proposed amendments to the Joint Venture Agreement with West Midlands Combined Authority, and, in conjunction with the Executive Director – Finance and Transformation and the Service Director Governance - Monitoring Officer to complete the agreement with West Midlands Combined Authority.