Issue - meetings

The council has disputed the ownership and status of Olympic Way with Quintain Estates (QED) for a number of years.  In recent years QED has carried out much of the maintenance and has derived income from advertising along it.  Olympic Way needs long term capital investment to bring it to a standard worthy of a key route in the borough and to maintain the route in excellent condition. This report proposes an agreement between the council and Quintain that fairly apportions maintenance costs and income from advertising and other uses and guarantees the long term significant improvement of the route.

(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.

Councillor Crane (Lead Member, Regeneration and Major Projects) reminded the Executive of the dispute over the ownership and status of Olympic Way with Quintain Estates (QED) existing for a number of years.  In recent years QED has carried out much of the maintenance and has derived income from advertising along it.  It was felt that Olympic Way needed long term capital investment to bring it to a standard worthy of a key route in the borough and to maintain the route in excellent condition. The report before members proposed an agreement between the council and Quintain that fairly apportioned maintenance costs and income from advertising and other uses and guaranteed the long term significant improvement of the route.

The Executive also had before them an appendix to the report which was not for publication as it contained the following category of exempt information as specified in paragraph 3 of Schedule 12A to the Local Government Act 1972, namely:

“Information relating to the financial or business affairs of any particular person (including the authority holding the information).”

RESOLVED:-

(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 the 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.