Decision details

The Committee requested that the terms of reference of the North Finchley Partnership Board be included in the agenda for a future Committee meeting.

RESOLVED that:

1.     The Committee notes the progress being made with proposals for the redevelopment of North Finchley Town Centre, including steps taken to secure financial backing and the establishment of the North Finchley Partnership Board.

2.     The Committee delegates authority to the Deputy Chief Executive in consultation with the Chairman of this Committee and the Chief Finance Officer to finalise and enter into a Site Assembly Agreement and Land Agreement with:

·       Joseph Partners (either Jonathan Joseph trading as Joseph Partners, or Joseph Partners Limited); and/or

·       U and I Group plc and/or one or more of its subsidiary companies; and/or

·       the joint venture company or other legal vehicle or structure between (a) U and I Group plc and/or one of its group companies; and (b) Joseph Partners.

3.     In finalising and entering into the Site Assembly Agreement and Land Agreement, the Committee delegates authority to the Deputy Chief Executive in consultation with the Chairman of this Committee to extend the exclusivity period agreed with Joseph Partners in accordance with the terms of the Preliminary Agreement, should this be required.