Issue - meetings

Treadmills Phase 1

Meeting: 12/03/2019 - Cabinet (Item 69)

Treadmills Phase 1

This report provides an update on the current position regarding the Treadmills Phase 1 development.

Minutes:

The subject of the decision:

 

This report provides an update on the current position regarding the Treadmills Phase 1 development and sought agreement to amend the terms for Unit 1.

 

Alternative options considered:

 

None.

 

The reason for the decision:

 

To comply with Section 120 of the Local Government Act 1972 which allowed the Council to acquire land by agreement for the benefit, improvement or development of its area.

 

THE DECISION:

 

That Cabinet approves:-

 

(1)     the amended terms for Unit 1 are accepted in relation to occupancy, purchase price and rental income; and

 

(2)     that the Deputy Chief Executive, in consultation with the Leader of the Council, be authorised to approve further or amended terms if required.