Decision

1. That the Strategic Director with responsibility for Central Winchester Regeneration be authorised to complete the acquisition of the former St Clement’s Surgery for the amount of £2.75m plus SDLT (£127,000) and fees (£20,000).
2. That a supplementary capital estimate of £267,000 be approved, funded by prudential borrowing (£140,000) and capital receipts (£127,000), bringing the total approved budget to £2,877,000.
3. That capital expenditure of £2,877,000 be approved for the acquisition of the former St Clement’s Surgery.
4. That an ongoing revenue budget of £53,200 be approved for security, business rates, maintenance, and utilities until such time a lease to Jigsaw is in place.
5. That the Strategic Director with responsibility for Central Winchester Regeneration and Director Finance be authorised to negotiate and finalise the terms of an option agreement for the former St Clement’s Surgery with Jigsaw.
6. That the Strategic Director with responsibility for Central Winchester Regeneration be authorised to explore meanwhile uses of the former St Clements Surgery with Jigsaw and to agree an approach that best mitigates the holding costs.