Issue - decisions

(i)         that agreement be given to extend the existing Management Agreement between the Council and BHP until 31st March 2013, at which time it will be replaced with a new long term Management Agreement in line with the decision of the Executive of 16 July 2012;

(ii)        that agreement be given to amend where necessary BHP’s Articles of Association, in particular paragraph 15 thereof, to allow for the existing resident Board members of BHP to remain in situ until 31 March 2013;

(iii)       that authority be delegated to the Director of Regeneration and Major Projects, in consultation with the Director of Legal and Procurement to negotiate and finalise the long term Management Agreement with BHP pursuant to the decision of the Executive dated 16 July 2012;

(iv)       that authority be delegated to the Director of Regeneration and Major Projects, in consultation with the Director of Legal and Procurement, to approve subsequent amendments to the Articles of Association and Memorandum of Association of BHP between now and the end of March 2013 which may be necessary to enable the new Management Agreement to be in place by 1 April 2013 and to implement the recommendations set out in the report of Navigant Consulting regarding the Governance Review of BHP.