Decision

Having been duly proposed and seconded, the Executive Resolved to:-

a.    Pass resolution under Schedule 12A of the Local Government Act 1972 to exclude the press and public from the meeting, on the basis that if they were present during the business to be transacted there, would be a likelihood of disclosure of exempt information (within the definition provided by Paragraph 3, Schedule 12A to the Local Government Act 1972: Reason: Information relating to the financial or business affairs of any particular person (including the authority holding that information)).

b.    Approve the selection of the preferred bidder, details of which were set out in the confidential Appendices C and D.

c.     Authorise the Head of Property in consultation with the Head of Legal Services, and the Lead Member for Economic Development, Planning and Assets to execute the disposal of the Saxonvale site to the preferred bidder, as per information and recommendations contained in the attached commercially confidential sections of the report.