Decision details

RESOLVED:

1  That approval be given to the completion of a 250 year lease of the retail units in phase B2 of the Canada Water development, located as shown on the plan attached to the report (plan 1) and authority be delegated to the chief executive to negotiate the option price and final form of lease provided that they represent best consideration.  If the final option price is more than 5% higher than the estimated price stated in the closed report then the decision on whether to proceed be delegated to the leader of the council.

2  That it be noted that a further feasibility will be prepared in due course to consider the option to purchase the long lease of the retail units in phase A3 of the Canada Water Development and that an appropriate allowance will be put into the capital programme for financial year 2012/2013.