Decision details

To give approval to entering into a legal agreement for the long term management, maintenance and improvement to Olympic Way Wembley and to agree a share of revenue from advertising and other activity to fund its upkeep.

[Appendix 1 and 2 of this report is not for publication as it contains the following category of exempt information in paragraph 3 Schedule 12(A) of the Local Government Act 1972 namely:    information relating to the financial or business affairs of any particular person (including the Authority holding the information)].

(i)         that approval be given to the drawing up of a legal agreement with Quintain Estates on the future maintenance of Olympic Way and share of income from advertising and other activities;

(ii)        that officers prepare, subject to further legal advice, legal documents for the Olympic Way agreement based on the principles set out in paragraph 3.13 of this report;

(iii)       that approval of the exact terms of that agreement be delegated to the Director of Regeneration Major Projects/ Assistant Director, Property and Asset Management.