Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To seek Cabinet approval to acquire the
property and the use of Council powers to compulsorily acquire the
property if necessary. Additionally to seek approval to carry out
works to the property (subsequent to acquisition) and carry out and
conclude negotiations with potential operators to operate and
manage the Arcade.
1) That approval be given to the acquisition of the Arcade by the Council on the terms as outlined in Part B of the considered report.
2) That, pursuant to (1) above, approval be given to the subsequent grant by the Council of a lease of the Arcade to a third party to manage and operate the Arcade, and that the Council enter into any supporting or ancillary agreement to that lease with the third party.
3) That authority be delegated to the Strategic Director (Economy and Infrastructure) in consultation with the Cabinet Member (Regeneration Portfolio).
4) That approval be given to the funds required to purchase the building and carry out works to the building, as set out in Appendix 6 (exempt) of the considered report.
Report author: Peter Thompson
Publication date: 26/02/2020
Date of decision: 25/02/2020
Decided at meeting: 25/02/2020 - Cabinet
Accompanying Documents: