To delegate authority to the Head of Development and Corporate Landlord, in consultation with the Head of Legal and Democratic, Head of Finance and Cabinet Member for Finance and Corporate Assets to complete negotiations to grant an option to the Environment Agency (EA), and to enter into and conclude negotiations, complete contracts to effect the grant of an option to the Environment Agency and to finalise the transfer of the two parcels of land in Kennington (KEN0010000 and KEN0070000, shown edged red in Appendix 1) to the Environment Agency for £1 (one pound).