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The Sub-Committee resolved to:
 

1.   
Approve the offer and the proposed disposal in principle and
recommend that the Corporate Policy and Resources Committee support
the disposal of this commercial asset, prior to recommending for
approval by Full Council,
 

2.   
Delegate authority to the Chief Finance Officer and Group Head of
Assets, in consultation with the Chair and Vice-Chair of the
Corporate Policy and Resources Committee and the Chair and
Vice-Chair of the Commercial Assets Sub-Committee, to agree the
sale of the property at the agreed price or negotiate a sale price
within a tolerance of 10% of the value and agree any variations to
the Heads of Terms; and
 

3.   
Delegate authority to the Group Head of Corporate Governance to
enter into a transfer to complete the disposal and any ancillary
legal documentation required in relation to the proposed
disposal.