Issue - decisions

The Cabinet Member for Planning and Economic Development has approved the London HQ Limited Proposal in respect of the Victoria Renewal and Alteration BID.

-        To request the Chief Executive as the City Council’s Returning Officer and ballot holder to hold a ballot on behalf of London HQ Limited in respect of their Victoria Renewal and Alteration BID Proposal.

-        That the Director of Law be authorised on behalf of the City Council to enter into the necessary legal agreements for collection of the BID Levy. In addition, deal with related documentation which the City Council is required to enter into with London HQ Limited to deliver relevant services in relation to the Victoria BID area throughout the BID’s renewal term and any other necessary legal matters as instructed and in consultation with the appropriate Council officers.

-        Approved the budget of £262,816 for BID levy payments that may become due from the Council to the BID for the 5 year BID term if the ballot is successful.