Purpose

This report considers options for the disposal
of Patcham Court Farm.

Content

1)            
Cabinet agrees to enter into an agreement for
lease and grant a lease for a term of 250 years of the site at
Patcham Court Farm to Royal Mail for the provision of a new
Delivery Office, in line with the Heads of Terms set out in the
Part 2 report.
 
2)            
Cabinet delegates authority to the Corporate
Director for City Services, in consultation with the Cabinet Member
for Finance and City Regeneration, to negotiate and complete the
agreement for lease and lease together with all necessary ancillary
legal agreements that accords with the Heads of Terms set out in
the Part 2 report.