Decision details

Vicarage Field - New Lease Arrangements

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Council is the freehold owner of Vicarage Field Shopping Centre.  The Cabinet will be asked to approve the terms of a lease extension / new lease to the existing leaseholder in order to facilitate the redevelopment of the site.

Decision:

The Cabinet resolved to authorise the Chief Operating Officer, in consultation with the Director of Law and Governance, the Director of Inclusive Growth and the Cabinet Member for Finance, Performance and Core Services, to enter into all necessary agreements with Lagmar (Barking) Ltd for a conditional development agreement / lease for the Vicarage Field site under terms set out in the report.

Report author: David Harley

Publication date: 21/09/2018

Date of decision: 18/09/2018

Decided at meeting: 18/09/2018 - Cabinet

Effective from: 27/09/2018

Accompanying Documents: