Issue - decisions
SOUTH KILBURN QUEENS PARK (SKQP) LLP
15/10/2019 - South Kilburn Queens Park (SKQP) LLP - Termination and the Option to Acquire Falcon Land
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.