It is resolved that:
(A) Council endorse the permanent road closure of Jones Street, Ultimo, between Broadway and Thomas Street, vesting in the City of Sydney as operational land, and as shown as Proposed Lot 100 in the Draft Plan of First Title Creation at Attachment B to the subject report;
(B) Council approve the proposed 40 year lease to the University of Technology Sydney for the occupation of Jones Street, Ultimo, between Broadway and Thomas Street, in accordance with the terms and conditions contained in Confidential Attachment I to the subject report, with the following additional lease requirements:
(i) UTS must provide unhindered 24x7 pedestrian and bicycle access to the leased area;
(ii) final design and materials for the upgrade works must be approved by the City prior to construction and works will be undertaken within three years of the commencement of the lease;
(iii) the upgrade works will include a demarcated shared cycle/pedestrian path from Broadway to Thomas Street, acknowledging that this forms part of the important Regional Bike Network and will address risks relating to sight-lines due to the new trees/landscaping and interaction between people walking and riding in the area;
(iv) the minimum width for shared path will be four metres, which can also be used for emergency services; and
(v) UTS to install bicycle way-finding signage and shared path markings to City standards;
(C) Council note the surrender of the existing short-term lease of an unused road to University of Technology Sydney will occur in accordance with the delegations from the Chief Executive Officer to Directors and staff, one day prior to the commencement of the new lease, subject to the terms and conditions outlined in Confidential Attachment I to the subject report; and
(D) authority be delegated to the Chief Executive Officer to:
(i) negotiate, execute and administer the terms of the lease in accordance with the essential terms and conditions contained in the Confidential Attachment I to the subject report; and
(ii) approve the publication of a Government Gazette to give effect to the permanent road closure and classification as operational land.
Carried unanimously.
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