Issue - decisions
Formation of an Aequus B&NES Limited Liability Partnership (LLP)
14/11/2025 - Establish a Limited Liability Partnership (LLP) for the Regeneration of the Bath Quays Residential Development Plots
(1) To agree to the establishment of a Limited Liability Partnership (LLP) between the Council and the Group.
(2) To approve the proposed membership agreement of the LLP set out in Attachment 1 of the report.
(3) To delegate to the Director of Capital & Housing Delivery the authority to take all steps necessary to form the Limited Liability Partnership for the regeneration of the Bath Quays North plots 6 & 7 and Bath Quays south (collectively referred subsequently as the Site) in the proportions provided for in attachment 1 of the report.
(4) To agree to loan the LLP the Site development costs.
(5) To agree in principle to the use of the existing Aequus Development Loan Facility and the Aequus Working Capital Facility by the LLP.
(6) To delegate to the Director of Capital & Housing Delivery in consultation with the Leader, Cabinet Member for Resources and S151 Officer authority to transfer the Site to the LLP.
(7) To delegate to the Director of Finance (S.151 Officer) in consultation with the Executive Director of Sustainable Communities, the power to approve the Full Business Case to develop the Site and enter into a loan agreement with and take security for the loan from the LLP.