This decision enables officers to proceed with negotiations with ARK and subsidiary company with regard to the EdCity development to enter into a Contingent Cost Sharing Agreement.
Reasons for Urgency
To enable officers to address key milestones to achieve the project timeline and to demonstrate a firm commitment to ARK.
Decision type: Key
Reason Key: Expenditure/Income over £5m & policies or new income, reserves use, overspend over £300K;
Decision status: Recommendations Approved
Wards affected: Wormholt and White City;
Notice of proposed decision first published: 24/09/2018
This decision will be taken under urgency procedures.
Reason for urgency:
To enable officers to address key milestones to achieve the project timeline and to demonstrate a firm commitment to ARK.
Anticipated restriction: Part exempt - View reasons
Report access: Exempt;
Report Type: Key Decision;
Decision due: 15 Oct 2018 by Leader of the Council
Lead member: Cabinet Member for the Economy
Lead director: Strategic Director of the Economy Department
Department: The Economy department
Contact: Jacquie Agyemang-Johnson Email: Jacquie.Agyemang-Johnson@lbhf.gov.uk Tel: 07787 152733.
Reason No Public Access: PRIVATE This report is exempt from disclosure on the grounds that it contains information relating to the financial or business affairs of a particular person (including the authority holding that information) under paragraph 3 of Schedule 12A of the Local Government Act 1972, and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.