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Following consideration, the Committee resolved
with 7 votes for and 1 abstention to:
(1)      
Agree the grant of a new Full Repairing & Insuring (FRI) lease
of Unit 2 The Clock Tower based upon the terms set out in paragraph
2.9 of the confidential Appendix 2 to the report. 
(2)      
Note that the Head of Property & Regeneration, in consultation
with the Chief Finance Officer and Chief Legal Officer, has express
authority to take all necessary actions further to the above
decisions being made that commit resources, as is necessary and
appropriate, to progress the lease to completion.