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To authorise Legal Services to execute a lease
extension of 90 years for the property at x Oak Close, Bognor
Regis. The agreed premium is £4,250 plus £1,000 for
legal fees.

Reasons for the decision

To secure the lease extension for the property
in accordance with council policy and ensure continued tenancy
arrangements.

Alternative options considered

No alternative options stated; not proceeding
would result in the lease remaining at its current term, which is
not desirable for long-term asset management.