Issue - meetings

This report requests that Cabinet considers the opportunity to acquire a Strategic Freehold Asset (subject to leases) in Huddersfield Town Centre in line with the Huddersfield Town Centre Masterplan.

Ward: Newsome

Portfolio: Corporate and Economy

Contact: Naz Parkar, Service Director Growth and Housing and David Martin, Head of Service for Corporate Landlord and Capital. Tel: 01484 221000

1) That approval be given to the acquisition of the strategic freehold asset, in accordance with the terms as set out at Agenda Item 16 (exempt information).

2) That approval be given to capital funding from the Strategic Priorities allocation for Huddersfield Town Centre, as identified in the Council’s approved Capital Plan for 2019/20 to 2023/24.

3) That authority be delegated to the Strategic Director (Economy and Infrastructure) and Service Director (Legal, Governance and Commissioning) to negotiate and agree the final terms for the acquisition of the asset as identified at Agenda Item 16 (exempt information).

4) That authority be delegated to the Service Director (Legal, Governance and Commissioning) to enter into and execute any agreements or instruments relating to the acquisition of the asset as identified at Agenda Item 16 (exempt information).

5) That authority be delegated to the Service Director (Economy and Skills) to undertake the strategic and operational management of the proposed strategic purchase, alongside the Service Director (Legal, Governance and Commissioning) to agree relevant operational leases and terms.