Decision details

Acquisition of arch space

RESOLVED:

1.  That the strategic director of resources, advised by the director of planning & growth and in consultation with the assistant director of property be authorised, to purchase the property. That the circumstances leading to the purchase and due diligence being undertaken by officers and their advisors be noted.

2.  That the legal and financial arrangements and the conditions of the purchase be noted.

3.  That authority be delegated to the strategic director of resources, advised by director of planning and growth and in consultation with the assistant director of property to:

·  Complete the acquisition and

·  Agree detailed transactional terms pursuant to the Heads of Terms (see closed appendices 1 to 4 of the closed report).