Purpose

Council to approve interim
lease amendments.
 
Notice under Regulation 10: Key
Decision where less than 28 days’ public notice has been
given.
 
Notice under Regulation 5:
Private meeting where less than 28 days' public notice has been
given.

Decision

RESOLVED
that Cabinet:-
 

1.   
Approve to vote in favour of the restructuring plans
put forward by the tenant named in the report, having considered
the options and implications outlined in the report; and
 

2.   
Delegate to the Executive Director Growth and
Sustainability, in conjunction with the Director of Finance and
Service Director Law and Governance, the authority to respond to
the tenant named in the report’s proposals via the
appropriate process; and
 

3.   
Delegate the authority to the Executive Director
Growth and Sustainability, in conjunction with the Director of
Finance and Head of Property or their successors, to manage the
process of the restructuring on behalf of BMBC and negotiate any terms with the tenant named
in the report, where appropriate, to ensure BMBC’s best interests.
 
(Note:   The Chair of the
Overview and Scrutiny Committee has agreed to waive the delay in
implementation associated with the Call-In procedure for this
item)