Decision details

RESOLVED that:

1.    Subject to a satisfactory due diligence report being received, the Head of Property, in consultation with the Head of Finance and Executive Members for Property and Acquisitions and Finance be authorised to: (a) acquire the freehold referred to in the report and the addendum for investment purposes; and (b) agree any variations to heads of terms to the acquisition price further to external valuation advice and due diligence investigations.

2.    The Head of Property be authorised to agree variations to the overage, subject to contract and due diligence, in consultation with the Leader of the Council, Deputy Leader of the Council, Executive Member for Finance and Executive Member for Property and Acquisitions.