Decision details

South Kilburn Queens Park (SKQP) LLP - Termination and the Option to Acquire Falcon Land

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides an update on the South Kilburn Queens Park Limited Liability Partnership (SKQP LLP) and seeks authority to terminate the SKQP LLP Project Agreement should it not be possible for the parties to resolve matters by 30 October.

Decision:

RESOLVED

 

     i)        Cabinet noted the content of the report and appendices.

 

    ii)        Cabinet agreed to terminate the SKQP LLP Project Agreement and Members Agreement after 30 October 2019 should it not be possible for the parties to agree a solution with regard to outstanding conditions precedent.

 

   iii)        Cabinet agreed that, subject to termination of the SKQP LLP Project Agreement and Members Agreement pursuant to paragraph 2.2, Brent Council enter into the option agreement to acquire the Falcon Public House site.

 

   iv)        Cabinet delegated authority to the Strategic Director of Regeneration and Environment in consultation with the Cabinet Member for Regeneration, Property and Planning, to exercise its option and agree terms for the acquisition of the Falcon Public House site.

 

 

 

Wards Affected: Kilburn; Queens Park;

Contact: Olga Bennet, Head of Finance (Commecial and Projects) Email: olga.bennet@brent.gov.uk Tel: 020 8937 3337.

Report author: Olga Bennet

Publication date: 15/10/2019

Date of decision: 14/10/2019

Decided at meeting: 14/10/2019 - Cabinet

Effective from: 22/10/2019

Accompanying Documents: