Decision

Cabinet NOTED the information provided
on the Council’s Commercial Property Investment Portfolio,
which includes the options considered and associated analysis and
financial modelling (contained within Exempt Appendices 1 and 2);
and
 
Cabinet unanimously RESOLVED that:
 
 It be approved
that the recommended hierarchy of options for each individual asset
in accordance with Exempt Appendix 1; and
 
It be delegated to the Director of
Regeneration & Prosperity, subject to a business case and
Treasury Management review and in consultation with the Chief
Executive, the Leader, Chief Finance Officer (s151 Officer) and
Monitoring Officer as well as the Portfolio Holders responsible for
Investment Property and Finance, the Executive authority to decide
upon actions/options to be taken on individual commercial property
investment assets in accordance with the recommendations against
each asset as set out in Exempt Appendix 1 to include; all relevant
marketing, negotiations, legal 
transactions and any other related activity deemed appropriate;
and  
 
It be delegated to the Director of
Regeneration & Prosperity, in consultation with the Chief
Finance Officer (s151 officer) and Portfolio Holder for Finance,
Executive authority to draw down funding from the Asset Management
Fund reserves to procure, commission and other related activity
deemed necessary to support the above.