Issue details

Notice of General Exception- Whitgift Indemnity and Land Transfer Agreement (ILTA) Remedy - Update

 

 

 

  1. This report updates on the ongoing regeneration of Croydon town centre, which is a key Mayoral priority as described in his Business Plan. It details the progress made over the last 18 months on the redevelopment of the Whitgift Centre and the productive reset of the Council’s relationship with Croydon Limited Partnership and its related entities (referred to together in this report as “CLP”, unless otherwise stated).  

 

  1. The progress made on bringing forward the redevelopment of the Whitgift is one component of a comprehensive approach to the town centre’s regeneration which is being orchestrated through a range of interventions and activities by the Council, all of which are being undertaken through an approach of collaboration and partnership. The report describes how, the revised Indemnity Land Transfer Arrangement, (ILTA) will, through the proposed allocations of the remedy payment, make a valuable contribution to the current and future regeneration of the town centre.  

 

  1. This report is an update to the 25th January 2023 Cabinet report in relation to the ILTA remedy and works, following the non-delivery of the redevelopment of the Whitgift Centre within the specified timeframe. The report seeks authority to enter into agreements and deal with other matters related to the contractual arrangements between the Council and Croydon Limited Partnership and its related entities. 

 

Decision type: Key

Reason Key: Expenditure > £1,000,000;

Decision status: Recommendations Approved

Wards affected: Addiscombe West; Fairfield;

Notice of proposed decision first published: 27/06/2024

This decision will be taken under urgency procedures.

Reason for urgency:
Indemnity Land Transfer Arrangement, (ILTA) will, through the proposed allocations of the remedy payment, make a valuable contribution to the current and future regeneration of the town centre – which is a priority for the residents, the Mayor and Council.

It's for a Cabinet decision, with the next scheduled for September 2024. And omitted in error from the forward plan – one day late.

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
- Information relating to the financial or business affairs of any particular person (including the authority holding that information).
- Information in respect of which a claim to legal professional privilege could be maintained in legal proceedings.

Decision due: 25 Sep 2024 by Cabinet

Lead member: Cabinet Member for Planning and Regeneration

Lead director: Corporate Director of Sustainable Communities, Regeneration & Economic Recovery

Contact: Heather Cheesbrough, Director of Planning and Strategic Transport Email: Heather.Cheesbrough@croydon.gov.uk Email: heather.cheesbrough@croydon.gov.uk.