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