Purpose

To consider the recommendations.

Content

RESOLVED THAT:
 

     
i.       
authority is delegated to the Executive
Director for Finance, Assets & Regeneration, in consultation
with the Deputy Leader and CabinetMember for Finance & Assets, to dispose of the
freehold and head leasehold interests in Regent Arcade Shopping
Centre for best consideration and upon such other terms as are
deemed appropriate;
 

   
ii.       
the Executive Director for Finance,
Assets & Regeneration is authorised,
in consultation with Deputy Leader and Cabinet Member
for Finance & Assets and the Director of One Legal, to prepare
and conclude the necessary legal documentation to reflect the terms
negotiated.