Decision details

PROPERTY AND LAND DISPOSALS WIRRAL GROWTH COMPANY – VARIATION TO OPTIONS AGREEMENT

Decision Maker: Policy and Resources Committee

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report seeks approval to Heads of Terms to vary the Options Agreement as currently set out in the WGC Partnership Agreement together with a variation to Site Development Plans.

Decision:

Resolved – That,

 

(1)  the Heads of Terms for the amendment of the legal documentation (listed in paragraph 5.4 of the exempt report) entered into between the Council, Muse Developments Limited and Wirral Growth Company LLP, and attached as Appendix 1 to the report, be approved;

 

(2)  the Director of Law and Governance, in consultation with the Director of Regeneration and Place, be authorised to finalise the associated legal documentation, on terms that are substantially in accordance with the draft Heads of Terms as set out at Appendix 1 to the report.

Reasons for the decision:

As detailed in the exempt report.

Alternative options considered:

As detailed in the exempt report.

Report author: Sally Shah

Publication date: 22/03/2022

Date of decision: 16/03/2022

Decided at meeting: 16/03/2022 - Policy and Resources Committee

Effective from: 26/03/2022

Accompanying Documents: