Decision Details

Report of Strategic Director Place, Prosperity & Sustainability.

Arden Cross Interchange Triangle Contractual Agreements to Enable Development; Cabinet report 18th May 2021

Arden Cross Interchange Triangle Collaboration Agreement (ACCA) March 2022.

On 28 November 2024, Cabinet Committee – Property:-

1. Authorised the Strategic Director Place, Prosperity and Sustainability and the Deputy Leader to agree on behalf of the Council the final terms of the Master Development Agreement (DA) to be entered into by ACL with Muse Places Ltd and Morgan Sindall Group PLC and inter alia enter into all agreements envisaged and required to put into effect the provisions of the DA on behalf of the Council including inter alia changes to the Shareholders Agreement and the Landowners Option Agreement and associated Draft Ground Lease, negotiation of and entering into the Framework Agreement and Delivery Agreement which together enable ACL to request changes to the HS2 design in order to implement the Arden Cross development the Easement Agreements (which will provide ACL with the necessary rights to link into HS2 infrastructure etc), the draft Phase Development Agreement and draft Phase Sub-Lease;
2. Noted ACL’s revenue operational budget for 2024/25 and 2025/26 and approves Birmingham City Council’s (BCC) contribution as per the terms of the ACL Shareholders Agreement (at Exempt Appendix 2) which will be recovered from any end-deal together with the payment of utility UTX track crossings design fees;
3. Authorised the City Solicitor to prepare, negotiate, execute and complete all relevant legal documentation to give effect to the above decisions.

THE DEADLINE FOR CALL IN IS 1600 HOURS ON WEDNESDAY 4 DECEMBER 2024.