Decision details
Merchant Place/Cory's Buildings
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
Appendices 2, 3 and 4 of this report are not for publication as they contain exempt information of the description contained in paragraphs 14 of part 4 and paragraph 21 of part 5 of Schedule 12A of the Local Government Act 1972.
RESOLVED: that authority be delegated to the Director of Economic Development, in consultation with the Cabinet Member for Investment and Development, the Monitoring Officer and the Section 151 Officer to:
1. Complete the acquisition of the property in accordance with the Heads of Terms attached at Confidential Appendix 2 and the independent valuation attached at Confidential Appendix 3 and subject to any further legal or property due diligence deemed necessary.
2. Undertake a soft market exercise to determine the appropriate delivery strategy.
Publication date: 23/11/2020
Date of decision: 19/11/2020
Decided at meeting: 19/11/2020 - Cabinet
Effective from: 03/12/2020
Accompanying Documents:
- Cabinet 19 Nov 2020 Marchant Place PDF 308 KB
- Cabinet 19 Nov 2020 Marchant Place App 1 PDF 139 KB
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