Decision Maker: Cabinet

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 22, 2026

Purpose: This report seeks Cabinet approval to: register St Michaels Field as a habitat bank for the purpose of selling biodiversity units and credits; enter into the necessary legal agreement for this purpose; and have delegated authority for key decisions on the registration and sale of units and credits.

Content: 1)             Cabinet agrees to register St Michael’s Field as a Habitat Bank and enter the necessary legal agreement for the registration of the site.   2)             Cabinet delegates authority to the Corporate Director for Finance & Property and the Corporate Director for City Operations for key decisions on registration and sale of biodiversity units and credits.