Content

To sell the council’s shares in
Gloucestershire Airport Limited (“GAL”), along with the
associated freehold land interests, on the terms set out in the
attached briefing note and supporting documents (Exempt Information
- Local Government Act 1972, Schedule 12A, Part 1, Paragraph
3).

Reasons for the decision

·        
To secure
best consideration

·        
To promote
the long-term economic and social wellbeing of Cheltenham and the
wider Gloucestershire region through securing a new
investor

·        
To protect
the long-term financial interests of the council
 

Alternative options considered

As per attached briefing note (Exempt Information by
virtue of Local Government Act 1972, Schedule 12A, Part 1,
Paragraph 3)