RESOLVED

1.            That the area identified for the regeneration of Morden Town Centre as shown at Appendix 1 to the Cabinet report, which has also been published as draft Site Allocation Mo4 Morden Town Centre Regeneration Zone in the council’s Local Plan Stage 2 consultation be noted.

2.            That Council be recommended to accept the Greater London Authority Land Fund grant of £54.5m on behalf of the LLP; and that authority be delegated to the Director for Environment and Regeneration to finalise the terms and conditions with the GLA.

3.            That it be noted that a requirement of the GLA Land Fund grant, either by the Council or as part of a LLP, is subject to the outcome of a residential ballot.

4.            That authority be delegated to the Director for Environment and Regeneration in conjunction with the Cabinet Member for Regeneration, Housing and Transport to enter into and establish a Limited Liability Partnership (LLP) with Transport for London (TfL) to procure a third party development partner to jointly deliver the regeneration scheme.

5.            That authority be delegated to the Director for Environment and Regeneration to:

a.            appoint officer representatives to the LLP Board and any other related body; and

b.            review and approve LLP Business Plans.

6.            That the steps outlined in the Cabinet report for the procurement process and eventual appointment of a third party development partner under a development or joint venture agreement be noted.

7.            That the Director for Environment and Regeneration be authorised, in line with the council’s Contract Standing Orders, to prepare and issue invitations to tender through TfL’s Procurement Team for the appointment of a joint venture third party development partner to develop out the scheme.

8.            That the increase of the following funds as Merton’s equity in the LLP to enable the delivery of the regeneration, subject to scrutiny and final Cabinet approval in the budget be noted:

a.            £1m capital bid for Morden regeneration.

9.            That authority be delegated to the Director for Environment and Regeneration and the Director of Corporate Services, in collaboration with the Cabinet Member for Regeneration, Housing and Transport to approve a resource plan from next year for the project, to be utilised until the terms and conditions of the GLA Land Fund are finalised.

10.          That authority be delegated to the Director for Environment and Regeneration in conjunction with the Cabinet Member for Regeneration, Housing and Transport to approve the inclusion of  additional sites or properties required to assist in the delivery of the scheme.

11.          That a further report will be brought to Cabinet prior to the appointment of the preferred third party development partner.