Decision

1)    That the hand back of the Sale Waterside PFI assets to Council ownership on expiry of the PFI contract on 28th October 2028, including the acquisition of the two commercial unity at open market value, be approved.

2)    That the plan to exit the PFI contract in accordance with the above, be approved and authorised.

3)    That the Corporate Director of Place, be delegated authority to engage external professional resources as required to assist in implementing the hand back.

4)    That the Corporate Director of Place, in consultation with the Director of Finance and the Director of Legal & Governance, be delegated authority to negotiate and finalise any agreements contract or other document required to deliver the future operation of the asset.

5)    That the Director of Legal and Governance be authorised to enter into all legal agreements required to implement the above decisions.