Decision details

To approve recommendations for purchase and sale of assets and terms of leases

(over £1m – Cabinet decision, under £1m – Cabinet Member decision,

in consultation with the Leader)

Part 2

The Cabinet considered the acquisition of a property to facilitate opportunities for public service integration with partners, regeneration and the provision of a site suitable for an identified service need.

RESOLVED:

1.         That the freehold interest in the property be acquired on the basis set out in the report submitted.

2.         That the changes to the overage provisions which had been negotiated be noted and authority be delegated to the Strategic Director for Business Services, in consultation with the Leader and Cabinet Member for Assets and Regeneration to agree any further changes to the detail of the Heads of Terms.

3.         That the Chief Property Officer be instructed to develop a full business case in relation to the future use of the site on the basis set out in the report submitted.

Reason for decisions

To facilitate opportunities for public service integration with partners, regeneration and the provision of a site suitable for an identified service need.