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:

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.