Decision - Circus Street Redevelopment

RESOLVED:

1)     That the Committee agrees to a Deed of Variation to the existing Development Agreement that will enable the University to withdraw as a development partner.

2)     That the land transfers as per the existing Development Agreement remain unchanged.  The University Annex site to be transferred to the council’s ownership, appropriated by Cathedral for demolition and construction as per the current planning permission, and the land allocated for the university’s proposed academic building to be transferred from the council to the university, for future development by the university.

3)     That delegated authority is granted to the Executive Director Economy, Environment & Culture and the Executive Lead Officer, Strategy Governance and Law to agree and/or sign any necessary legal documentation to enable the necessary land transactions to take place and for the Development Agreement to go unconditional.