This report provides an update on the current position regarding the purchase of the Northallerton Prison Site.

The subject of the decision:

This report provided an update on the current position in relation to the purchase of the Northallerton Prison site.  In October 2014 Cabinet authorised negotiations for the purchase of the Northallerton Prison.  Negotiations had been concluded and approval was now sought for the purchase.

Alternative options considered:

None.

The reason for the decision:

To take account of the negotiations regarding the proposed purchase of the site.

THE DECISION:

That Cabinet approves and recommends to Council that:-

(1)     the purchase of the Northallerton Prison Site be approved at the cost shown in paragraph 2.6 of the report;

(2)     the purchase price be met from the Economic Development Fund; and

(3)     the revenue costs shown in paragraph 7.4 of the report be met from the Economic Development Fund.