Decision details

Approval To Enter Into A Tripartite Agreement With A2dominion Developments And The London Quakers Property Trust

Decision Maker: Strategic Director of the Economy Department (former Growth & Place)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report seeks approval to enter into a Tripartite Agreement (TA) for the disposal of land at the site of the former Bradmore Park Road (BPR) Children's Centre to the London Quakers Property Trust (LQPT).

Decision:

1.    That the Council enters into a Tripartite Agreement with A2Dominion DevelopmentsLtd andthe LondonQuakers PropertyTrust (LQPT)to dispose of land at the former Bradmore Park Children's Centre site to the London Quakers Property Trust.

2.    That the Council enters into a Development Agreement with A2Dominion DevelopmentLtd andLQPT tobuild areplacement FriendsMeeting Housefor the Hammersmith Quakers at the Bradmore Parksite.

 

3.    That the Council issues a Building Licence to A2Dominion Development Ltd to commence enabling works for the construction of the replacement HQFMH at theformer BradmorePark Children'sCentre site,pending completionof theTA and DA.

4.    Note that a separate capital budget (amount detailed in Exempt Appendix 1) in respect of expected SDLT relating to the HQFMH will be requested in the next capital monitoring report, shouldthis notbe approvedthese costswillbe managedfrom contingenciesin the wider King Street Capital Budget.

5.    Notethatthereis afinancial riskin relationto Council'srecovery ofVAT costs, should the risk materialise, and the Council not be able to recover VAT (estimated amount detailed in the Exempt Appendix), a further decision report will be required to fundthis.

 

Reasons for the decision:

InDecember2018, Cabinetagreed thethese recommendations aspart of the approval of the business case and delivery strategy for the West King Street RenewalProgramme:

 

Alternative options considered:

Option 1 - Do nothing

 

Option 2 - Do not proceed until the JV partnership and CLSA between the Council and A2D are legally completed.

 

Option 3 - Enter into Tripartite Agreements with A2D and LQPT for the proposed land swap (TA) and Development Agreement (DA) of a replacement HQFMH at the BPR site.

Publication date: 10/06/2019

Date of decision: 05/04/2019

Effective from: 13/06/2019

Accompanying Documents: