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RESOLVED: That Cabinet approved the acquisition of
Unit 1 City Park, Letchworth Garden City on the terms set out in
the Part 2 report and noting the detailed Budget Cost Plan for
adapting, fitting out and upgrading the building for museum
storage.
 
REASON FOR
DECISION: A limited number of modern buildings of this age
and size become available to purchase or lease in Letchworth Garden
City and surrounding area, particularly one on a long lease at a
peppercorn rent for the full term, with an expiry date in 2150.
Unit 1 includes land fronting Works Road and to the side of the
unit, plus a large part of the car park with the ability to erect a
fence to separate the area from the rest of the car park used by
adjoining units. In addition, the Council already owns the long
leasehold interest in Unit 3 City Park, Letchworth Garden City,
having acquired it in June 2016 with that building being used for
general archive storage, IT servers, offsite disaster recovery,
careline business continuity and legal department storage.