Issue - meetings

That Cabinet:

a)       approve, subject to appropriate legal mechanisms and formal decision from Newark Town Council it does not wish to take on the land, the Council entering into a long-term arrangement to adopt and maintain the open space from the first phase of the Middlebeck development in Newark;

b)       approve the maintenance of the land in return for a £2million commuted sum agreed with the developer, Urban & Civic;

c)        agrees that, at the end of the 20-year period, ongoing maintenance of the land would be funded from the Council’s own resources;

d)       approves that delegated authority be given to the Council’s Directors - Communities & Environment and Planning & Growth, in consultation with the Portfolio Holders for Biodiversity & Environmental Services and Strategy, Performance & Finance, to enter into an appropriate legally-binding contract with the developer Urban & Civic, as detailed at paragraph 2.6 of the report; and

e)       approves that Newark Town Council be formally approached for a decision about whether it wishes to take on responsibility for the future ownership and maintenance of the land in line with the principles set out in the Devolution Agreement.