Decision details

It is resolved that:

(A)       Council approve the key terms of the Heads of Agreement with the Anglican Church Property Trust Diocese of Sydney (ACPT) and St Andrew's House Corporation (SAHC) for Sydney Square as set out in the subject report;

(B)       authority be delegated to the Chief Executive Officer to negotiate, finalise and execute the Heads of Agreement and the transaction documentation including the Development Deed, Lease (Main Square Lease Area), Easements and Covenants together with any other agreement, deed or instrument in accordance with the key terms of the Heads of Agreement, to effect the endorsed outcomes; and

(C)       Council note that if the key terms contemplated by (A) above are substantially changed, Council’s approval will be required for those changes.

Carried unanimously.

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