Decision details
Brent Cross South Legal Documentation
Decision Maker: Deputy Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
To execute a) Deed of Variations to Brent Cross South (BXS) Project Agreement and Corporate Documents (Limited Partnership Deed, Shareholders' Agreement, DMIDA, Collateral Warranty and Delegated Warranty) and ancillary documents b) Homes England Documents (Facility Agreement, Direct Agreement, Deed of Indemnity and Counter Indemnity, Legal Charge and Deed of Subordination).
Decision:
1) To authorise the execution of a Deed of Variation to the Brent Cross South (BXS) Project Agreement and Corporate Documents (Limited Partnership Deed, Shareholders'Agreement, CollateralWarranty andDelegation Warranty)and ancillary documents;
2) To authorise the execution of a Homes England Loan Facility Agreement with BXS and Homes England and the Direct Agreement between Homes England and the Counciland ancillarydocuments includingDeed ofIndemnity andCounter Indemnity, Legal Charge and Deed ofSubordination.
A full list of documents for sealing and/or signing by the Council is attached at Appendix 1.
Publication date: 16/02/2021
Date of decision: 24/03/2020
Accompanying Documents:
- Brent Cross South Legal Documentation DPR PDF 256 KB
- Restricted enclosure View reasons restricted