Purpose

Following the agreement of Cabinet at its meeting on 15
January 2025 (report FIN/681 refers) to sell a general fund parcel
of land, the Head of Corporate Finance (in consultation with the
Leader) has approved the sale of the land on the site in order to
achieve the preferred outcome as detailed in sections 5.3 and 6.3
of report FIN/681, and will accept the outcome of the land
receipt.  This action was delegated to
the Head of Corporate Finance via resolution (b) to report
FIN/681.  It is noted that, at the same
meeting, the Cabinet delegated the negotiation, approval and completion of all relevant
documentation, including legal paperwork to the Commercial Asset
Manager.

Content

Approve the sale of the land on the site in order to
achieve the preferred outcome as detailed in sections 5.3 and 6.3
of report FIN/681, and accept the outcome of the land
receipt.