Decision details
Property Sale Report - Disposal of Ground Leases - RES/20/044
Decision Maker: City Growth and Resources Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decisions:
The Committee had before it a report by the Director of Resources which provided details of an approach made by a company to purchase two commercial sites.
The report recommended:-
that the Committee-
(a) approve the proposal for the Council to sell the sites on the agreed heads of terms to the Council’s tenant; and
(b) instruct the Chief Officer – Governance to conclude the appropriate legal agreement incorporating various qualifications as are necessary to protect the Council’s interest.
The Committee resolved:-
to approve the recommendations.
Publication date: 11/02/2020
Date of decision: 06/02/2020
Decided at meeting: 06/02/2020 - City Growth and Resources Committee