The Director of City Development submitted a report setting out proposals for how the Council could help to facilitate a British Library location to be brought forward at the Grade I listed, and at risk, Temple Works.
Following consideration of Appendix 3 to the submitted report designated as being exempt from publication under the provisions of Access to Information Procedure Rule 10.4(3), which was considered in private at the conclusion of the public part of the meeting, it was
(a) That the status of proposals for a British Library at Temple Works and the funding strategy, as set out in exempt appendix 3 to the submitted report, be noted;
(b) That approval be given to inject £5.0m into Capital Scheme Number 33490/000/000, funded from the £5m of devolution deal monies, in order to fund a grant for temporary stabilisation and more detailed design and surveys; and that the necessary authority be delegated to the Director of City Development and the Chief Officer, Financial Services in order to enable the Director and Chief Officer to provide ‘authority to spend’, subject to subsidy control compliance and entering into the legal agreements, as set out in exempt appendix 3 to the submitted report;
(c) That the principles of the longer term tripartite legal agreement with the British Library and CEG, be endorsed, should British Library’s commitment to Temple Works become unconditional, as set out in exempt appendix 3 to the submitted report;
(d) That the principles of the Council entering into legal agreements with CEG for: a) the disposal of LCC land surrounding Temple Works; b) grant agreement(s); and c) CPO Indemnity Agreement, as set out in exempt appendix 3 to the submitted report, be endorsed;
(e) That a further report on Temple Works and the British Library with recommendations on the final detailed heads of terms for the legal agreements, as set out in exempt appendix 3 to the submitted report, be presented to the Board following further financial and legal due diligence.