10. Commercial Property Update
The report has not been published as it deals with information in relation to the financial or business affairs of the Council or a third party.
Additional documents:
Decision:
Following consideration, the Committee resolved:
With 6 votes for and 1 abstention to:
(1) Agree to Option 3 as recommended in paragraph 7.4 of the report to negotiate a new lease at the appropriate level of rent to reflect the mixed community and commercial uses being undertaken at the site.
With 6 votes for and 1 vote against to:
(2) Agree a budget of up to £10,000 to cover any potential external commercial agent fees and legal fees.
(3) Nominate and authorise the Head of Property & Regeneration to take forward the necessary steps to progress the chosen option.