Agenda item

The Committee received an update report of the Chief Planning Officer and Comptroller and City Solicitor concerning the redevelopment of 120 Moorgate which had been deferred from the previous meeting.

The Committee noted that a report had previously been prepared in relation to the potential use of S237 powers to facilitate the timely delivery of the redevelopment scheme in response to concerns that it was not possible to reach agreement with a neighbouring owner at 1 Finsbury Circus. 

However the owner of 120 Moorgate had now advised that negotiations were close to completion and there no longer appeared to be a need to use S237 powers.  In view of this, consideration of the Owner’s request was not currently required, and, provided that the heads of terms were formally documented, it would no longer be necessary to report this matter to Committee for consideration.