That the Strategic Director of Resources shall:
1. Authorise the Director of Planning & Growth, advised by and in consultation with the Head of Property to enter into the arrangements for the letting of the building to Agincare (Southwark) Limited (“Agincare”), the appointed care provider, entering into a lease to enable the delivery of the Contract for the Provision of Nursing Care Services and other related issues on the terms set out in exempt Appendix 1 Closed.
2. Note the circumstances leading to the proposed letting and due diligence being undertaken by officers and their advisors.
3. Note the financial arrangements of the letting in supporting the grant of the service provision contract.
4. Note the conditions of the lease in respect of certain capital works.
5. Delegate to the Director of Planning and Growth, advised by and in consultation with the Strategic Director of Resources, authority to:
a. Complete the letting of the building and
b. Agree detailed transactional terms pursuant to the agreed Heads of Terms (see Appendix 1 Closed Report).