Reference: D41122
Decision Maker: Deputy Chief Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
In accordance with the delegation agreed at
the meeting of the Executive Board on the 19th June 2013, the
Deputy Chief Executive, the Director of City Development and the
City Solicitor approved the terms of legal documents so as to
provide assistance to GMV Twelve Limited to facilitate the delivery
of the LRGP.
Executive Board at its meeting on the 19 June 2013 approved a
report proposing that the Council provide support to the LRGP. It
set out that the Council had been approached by CEG Ltd who are
managing the development of the former Kirkstall Forge site on
behalf of the owner of the site GMV Twelve Ltd to provide financial
assistance to enable them to meet their planning obligations to
contribute to the LGRP and to carry out associated highway
infrastructure access works at the Kirkstall Forge Site. The report
recognised that the proposed Kirkstall Forge Scheme (both the
construction of the rail halt and the development of the adjoining
land) is of strategic importance to the city and the city region
and that there are sound economic reasons for the Council
supporting GMV Twelve in meeting their obligations. That report
also included agreed heads of terms, which provides for the
Council's investment to be repaid in accordance with a schedule of
repayments over a 10 year period to commence 6 months after the
first sale of a residential property at the site, but no later than
1st April 2018.
The Deputy Chief Executive, the Director of City Development and
the City Solicictor in taking their decision received a report
setting out the terms of the legal agreement, Appendix A and B of
this report are exempt from publication as they contains
information relating to the financial and business affairs of GMV
Twelve and the Council. The public interest in maintaining the
exemption in relation to this matter outweighs the public interest
in disclosing the information by reason of the fact that Appendix A
and B contains information and financial details which, if
disclosed, would adversely affect the business of the Council and
GMV Twelve.
Wards Affected: Bramley and Stanningley; Horsforth; Kirkstall;
Contact: Doug Meeson, Chief Officer - Financial Services 0113 2474250 Email: doug.meeson@leeds.gov.uk.
Publication date: 15/04/2014
Accompanying Documents: