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That:
 
1. 
It be authorised to accept Offer B received for the
Council’s freehold interest and to proceed to completion with
the transaction.
 
2. 
It be authorised to accept Offer B with such other
terms as set out in Part 2 of this report.
 
3. 
Authority be delegated to Director of Housing,
Planning and Regeneration to finalise terms of sale to proceed with
the transaction and conclude the disposal.
 
4. 
Authority be delegated to the
Director of Housing, Planning and Regeneration to accept Offer C,
formalise the terms and complete the transaction, should Offer B
fail to complete.
 
5. 
The legal and professional costs associated with
completing the transaction be funded from the capital receipt
received.
 
6. 
It be noted that details of the commercial terms of
the offer being recommended for freehold disposal are commercially
sensitive and therefore included within Part 2 of this
report.