Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:16 pm  

We have decided, in the spirit of total transparency and openness, to release online the "Head of Terms Agreement" sent to the Wakefield and District Community Trust, from Wakefield MDC, and prepared by Yorkcourt. In order to provide context to the document we are also providing a link to the original Newmarket Section 106 Agreement and the Five Towns Park Section 106 Agreement, under which the new Castleford Tigers stadium is going to be funded and built. This agreement is the one Peter Box described as 'perfect' and the one he wanted to negotiate and replicate for the new Newmarket agreement... but didn't get even close to getting, as you can see! Link to Heads of Terms sent to the Trust on Friday - https://drive.google.com/open?id=0B8Pur6TjyOf5MG1FTV9CNGtYcW8 Link to the Original Newmarket Section 106 Agreement -https://drive.google.com/open?id=0B8Pur6TjyOf5R0ZwYU9mUmlVQ2s Link to the Five Towns (Castleford Tigers) Section 106 Agreement - https://drive.google.com/open?id=0B8Pur6TjyOf5TlRrYUtSZ29veW8

We have decided, in the spirit of total transparency and openness, to release online the "Head of Terms Agreement" sent to the Wakefield and District Community Trust, from Wakefield MDC, and prepared by Yorkcourt. In order to provide context to the document we are also providing a link to the original Newmarket Section 106 Agreement and the Five Towns Park Section 106 Agreement, under which the new Castleford Tigers stadium is going to be funded and built. This agreement is the one Peter Box described as 'perfect' and the one he wanted to negotiate and replicate for the new Newmarket agreement... but didn't get even close to getting, as you can see! Link to Heads of Terms sent to the Trust on Friday - https://drive.google.com/open?id=0B8Pur6TjyOf5MG1FTV9CNGtYcW8 Link to the Original Newmarket Section 106 Agreement -https://drive.google.com/open?id=0B8Pur6TjyOf5R0ZwYU9mUmlVQ2s Link to the Five Towns (Castleford Tigers) Section 106 Agreement - https://drive.google.com/open?id=0B8Pur6TjyOf5TlRrYUtSZ29veW8

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:22 pm  

This just stinks, Walker you are a disgrace to our great city, you should be thoroughly ashamed of yourself.

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:26 pm  

The new one is actually worse from what I can see especially as there is no reference to this housing been combined with the existing newcold development to reach the 60,000 trigger point originally stipulated

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:31 pm  

No reference to the existing obligations that were promised in return for planning following the PI.

The documents, negotiated by the Council and Yorkcourt seems to confirm to me that there is no intent whatsoever to build the promised stadium.

Time to fight.

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:36 pm  

2 pages and they waited for that

that's one hell of an insult

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:43 pm  

Call me cynical, but I thought the old one was that the club rented at a peppercorn rent. The new one seems to say that the Trust (I presume Rodney's) gets the benefit of the peppercorn rent, whereas the club gets whacked for the full rent. Doesn't that change the beneficiary of it to Trust rather than the club? Who's making the money?

Also, conditional on Yorkcourt determining the viability of a housing development. They'll turn round and say, 'Not viable", thus ending the obligation.

And section 3.2 of the Newmarket one couldn't be clearer that the UU is enforceable by the Council. How can they say that it isn't when the owner covenants that it is?

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:45 pm  

Well that is worse than I even imagined it could be.

So they used the promise of a stadium to get land out of greenbelt for commercial use and now they are trying to use the promise of the same stadium to get planning changed to housing and linking the stadium trigger point to the housing. No promises, no timeframe and no guarantees

They want the new trust (which is registered as a charity) to manage the stadium so WT would get no extra income from the facilities. (They may get a percentage on match days, but have no control over the product as it will be contracted out, security will be contracted out....)

I have always said follow the money and this new charitable trust is the money maker - we have all seen recently how much some charities actually pay those running them. It can be hundreds of thousands a year and how generous their mates can be when awarding contracts.

It is no wonder those in the club and the original trust are spitting feathers! They would be mad to sign that lease which would be even worse than Salford's lease.

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:46 pm  

Slugger McBatt wrote:

Call me cynical, but I thought the old one was that the club rented at a peppercorn rent. The new one seems to say that the Trust (I presume Rodney's) gets the benefit of the peppercorn rent, whereas the club gets whacked for the full rent. Doesn't that change the beneficiary of it to Trust rather than the club? Who's making the money?

Also, conditional on Yorkcourt determining the viability of a housing development. They'll turn round and say, 'Not viable", thus ending the obligation.

Or make more money before meeting their obligations

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:51 pm  

In summary, therefore, no obligation to do anything until:
1. Yorkcourt conduct their own viability study into housing, with no time limit
2. Rodney sorts out an independently audited business plan, with no time limit
3. Construction contract preparation, with no time limit
4. the club sorting out an independently audited business plan, which seems to say that it has to be done before Rodney's even though it presumably can only be done after Rodney's
5. Planning permission being granted for the housing development.
6. The houses being built in sufficient quantity for an as yet undisclosed trigger point (subject to secret meetings to remove some of the cup-de-sacs from said trigger point).

Right, got until the end of the month to sort that lot out. Onwards and upwards. Is there an emoji for sarcasm?

Re: Newmarket 'new' Heads of Terms Document : Mon Jul 17, 2017 4:54 pm  

Don't know how they have the bare faced cheek to ask for a trigger point in building houses before the start of stadium construction. They have already had that with the monstrocity of the big white box!