Exempt Report – Strategic Partnership Dissolution

Exempt Cabinet report on termination of Housing Delivery Vehicle joint venture with Meridian Homes Ltd (established 2021 for 600 homes; only 48 delivered). Meridian has requested consensual exit due to financial difficulties. Council forfeits £240k performance bond (in Council’s favour); Meridian transfers completed units at no further cost; no further claims; Council retains all land. Cabinet asked to approve exit terms and authorise CE to execute termination agreement.