Decision

RESOLVED –

 
1.  That the grant of a new lease
based on the key terms set out in the exempt appendix be
approved.
 
2.  That authority be delegated to
the Head of Economic Development and Property in consultation with
the Director of Finance, Policy and Development and the Cabinet
Member for Finance and Performance to agree the final terms of the
lease in Exempt Appendix A be approved.
 
3.  That authority be delegated to
the Head of Legal Services to complete all legal formalities as are
necessary and incidental to the recommendations in this report and
to negotiate, execute and complete the lease and all necessary
agreements and deeds arising from or ancillary or incidental to the
decisions or to appoint external solicitors to undertake this work
be approved.
 
REASON FOR DECISION:
The grant of a new lease would enable the retention of the tenant
and delivery of financial income for the Council. 
 

CALL-IN AND URGENCY
In
accordance with the provisions Of Overview and Scrutiny Procedure
Rule 14 in Part 4 of the Constitution, the Chairman of Overview and
Scrutiny gave prior agreement that this decision was urgent and
would not be subject to call-in as delay would seriously prejudice
the Council’s or the public’s interest.