Purpose

That the portfolio
holder approves:

·      
The principal of buying out the rent share agreement
from Blueprint at the cost of £120,000 up to a maximum of
£132,000 (including a 10% contingency) as this represents the
maximum financial benefit from the site;

·      
A Revenue budget of up to £132,000 to be
funded from the Change Management Reserve; and
Delegated authority for the
Section 151, Deputy Chief Executive & Director of Resource to
negotiate the payment between the values above.