Purpose

To agree the linked transaction
comprising the acquisition of 21 Kynoch Road and the sale of 8 Eley
Road at market value.

Content

Consideration was given to a report of the
Director of Development.
 
DECISION –
 
THAT the Leader of the Council
agrees:
 

i)                        
That 8 Eley Road, held in the
General Fund, be declared surplus to the council’s
requirement and to be disposed of;
 

ii)                        
That approval is given for the
acquisition of 21 Kynoch Road in consideration of the transfer of 8
Eley Road at market value, and a further equality payment of
£1.4m, to CCEP; and
 

iii)                        
That authority be delegated to the
Head of Property to negotiate and agree the details of the linked
transactions and to instruct Legal Services to prepare and complete
documentation giving effect to both transactions
 
Reasons
For the reasons set out in the
report.