Issue - meetings

The Leader of the Council and Councillor Russell Holland, the Deputy Leader and Cabinet Member for Commercialisation, Education and Skills along with the Chief Executive and the Head of Property Assets submitted a joint report. The report set out the proposal to grant an agreement for the disposal by way of a long lease of the site identified in the plan attached as Appendix 1 to the main report to the party which then intends to carry out the proposed development as set out in the main body of the report.

The Leader of the Council introduced the joint report and confirmed that the financial institution named in the papers had confirmed its intent to proceed.  Councillor Holland added that this investment was the consequence of the Administration’s policies for the town centre.

Resolved: That the Chief Executive in consultation with the Leader of the Council and the Head of Property Assets be authorised to grant an option for the disposal of the Site on a long lease, to the party identified in the main body of the report to allow them to carry out the proposed development as also set out in the main body of the report. The long lease will be on such terms and conditions as are determined by the Head of Property Assets in consultation with the Chief Legal Officer and as are considered necessary in order to protect the Council’s interests.

The reasons for the decision and alternative options are as set out in the report to the meeting.