Purpose

To dispose of
the Municipal Offices, following Cabinet and Council
recommendations, July 2023.

Content

RESOLVED THAT:
 
1.   
the sale of the Municipal Offices to the preferred
bidder be approved
 
2.   
the Leader or Deputy Leader, in conjunction with the
Deputy Chief Executive (Section 151 officer), is authorised
to:
 
·        
conclude negotiations regarding the Heads of
Terms
·        
enter into an Exclusivity Period which allows for
investment in the due diligence process by the preferred
bidders
·        
instruct solicitors to prepare the sales contract on
terms set out in the Heads of Terms
·        
subject to successfully passing gate reviews, enter
into a formal sales agreement for the disposal (drafted by
solicitors in accordance with Heads of Terms)