Pre-Decision Scrutiny Questions and officer responses were noted.

The exempt appendix was noted.

DECISION

1.    To note the position with respect to the future of Billingsgate Market and the joint working with the City of London Corporation (the City) in relation to its future redevelopment.

2.    To approve the terms of a Cooperation Agreement between the Council and the City as outlined in paragraph 3.7 of the report, to be entered into on or before the laying of the draft Bill in Parliament by the City on the 27 November 2020, in accordance with the heads of terms included in the exempt Appendix 2 to the report.

3.    To approve the statement of support for the future redevelopment of Billingsgate Market attached at Appendix 1 to the report.

4.    To approve the Qualifying and Abortive Costs set out in the exempt Appendices 2 and 3 to the report.

5.    To agree to delegate authority to the Corporate Director of Place, in consultation with the Corporate Director of Governance to agree minor changes to the heads of terms as may be appropriate in the light of further negotiations, and to complete the Cooperation Agreement.

6.    To note the financial risk to the Council set out in paragraph 6 of the report and in the exempt Appendix 3 to the report.

Action by:

CORPORATE DIRECTOR, PLACE (A. SUTCLIFFE)

(Divisional Director Property and Major Programmes (M. Rourke)