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Following consideration, the Committee
unanimously resolved to:
(1)      
Approve a budget of up to £150,000 to cover the initial costs
of the appraisal and feasibility work, to be funded from the
Corporate Projects Reserve;
(2)      
Note that the Director of Environment, Housing & Regeneration
and Head of Property & Regeneration, in consultation with the
Chief Finance Officer and Chief Legal Officer, have express
authority to take all necessary actions further to the above
decisions being made that commit resources, as is necessary and
appropriate.
(3)       
Note a report will be brought back to Committee at the earliest
opportunity following completion of the work.