Issue - meetings

(i)        to approve the proposal for the Council to sell the sites on the agreed heads of terms to the Council’s tenant; and

(ii)       to 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 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.