Decision details

To acquire and Forming the Former Shopfitters Site and Land at Synagogue Lane, and Disposal of Former Car Park Land at St James Street

RESOLVED THAT

1. The Head of Property & Asset Management be authorised to proceed with the following, in accordance with the terms outlined in the Exempt Appendix III which accompanies this report:

1.1 The acquisition from GCC of Synagogue Lane and the former Shopfitters site on St Georges Place (as outlined in red on the plan accompanying this report in Appendix II).

1.2 The transfer of former car park land at St James Street which is currently leased to GCC

1.3 The submission of an appropriate planning application to demolish the buildings and perimeter walls of the former Shopfitters site, and obtain change of use to a public car park of all the land outlined in red on the plan referred to above.

1.4 In consultation with Cabinet Member  Finance  to approve additional, alternative or amended heads of terms provided the figures set out in the Appendices are not exceeded

1.5 And that the Borough Solicitor be authorised to enter into any deeds and documents (including ancillary provisions) she considers necessary or advisable to carry into effect the terms of the transaction

2. Council be recommended to :

Set aside the amount of useable capital receipts (outlined in the Exempt Appendix III) to cover the cost of acquisition, planning application, demolition, site remediation and construction of a temporary surface public car park and all ancillary costs.