Decision - Grant of Option and Lease at Land at Corner of New England Street and New England Road

RESOLVED: That the Committee –

(i)             Noted the importance of ensuring any redevelopment of the site provides affordable homes at social rents and doesn’t force those existing residents currently living in the shipping containers into poor and unacceptable accommodation, and considers these central priorities at the heart of any redevelopment;

(ii)            Granted delegated authority for the Executive Director of Economy, Environment and Culture to finalise legal agreements including an option agreement and the grant of a 250 year lease to QED to facilitate the mixed use redevelopment of the whole site, subject to guaranteeing the points outlined in 2.1, in terms of affordable housing and accommodation for existing residents. Should these requirements not be met then a report to future Policy and Resources would be required prior to finalising any agreement.