Decision

To enter into a supplemental agreement to vary the Landswap Agreement dated 12 February 2020 made between (1) The Council; and (2) Denhead S.A.R.L. varying the Provisional Option Expiry date from 30 September 2024 to 31st December 2024 with the option to extend to 31st March 2025. This is delegated to the Executive Director of Place in consultation with the Cabinet Member for Planning, Governance and Asset Management in accordance with paragraph 3 of the Property Procedure Rules set out in Part 8D of the Council’s constitution.

Reasons for the decision

To enable ongoing discussions and negotiations to continue between the Council and the developer of the Nicholsons Quarter Regeneration Scheme.

Alternative options considered

Do nothing - the agreement between the Council and the developer would lapse.