96 Proposal to Terminate Waterfront Development Lease
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Committee is asked to:
Approve the termination of the ‘Conditional Agreement for Grant of Head Lease’ between Spelthorne Borough Council and Arora Waterfront Ltd and Arora Hotels Ltd.
Additional documents:
Decision:
Committee resolved to approve the termination of the ‘Conditional Agreement for Grant of Head Lease’ (Agreement) between Spelthorne Borough Council and Arora Waterfront Ltd and Arora Hotels Ltd.
Minutes:
The Committee considered a report that sought approval for the termination of the Conditional Agreement for Grant of Head Lease between Spelthorne Borough Council and Arora Waterfront Ltd and Arora Hotels Ltd.
The Committee were advised that all sites were being looked at on an individual basis as part of a managed programme and options for all sites would be considered.
The Group Head of Assets advised the Committee that the future of the site would be considered by their team in consultation with members.
Committee resolved to approve the termination of the ‘Conditional Agreement for Grant of Head Lease’ (Agreement) between Spelthorne Borough Council and Arora Waterfront Ltd and Arora Hotels Ltd.