Issue - decisions

RESOLVED: To

1.    Agree that pursuant to the Asset Investment Strategy contained within Medium Term Financial Strategy approved by Full Council on the 8 October 2018 the Council purchases the long leasehold interest in the Selco unit at 37-39 Imperial Way on the terms detailed in the report.

2.    Agrees that, for the reasons detailed in paragraph 3.8 of the Part B Report, the Executive Director (Resources) be given delegated authority, acting in consultation with the Cabinet Member for Finance and Resources, to make any amendments to the terms of the acquisition of the long leasehold interest considered necessary after the decision has been made.

3.    Note that where any significant amendments are made under this delegation, the amended terms for the acquisition of the long leasehold interest for 37-39 Imperial Way will be published on the Council’s website within 1 month of completion of completion of the lease.