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 (Commercial 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:
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