1.That this report be exempt from disclosure by virtue
of the Local Government Act 1972, Schedule 12A Part 1, paragraph 3
(as amended), in that it contains information relating to the
financial or business affairs of any particular person (including
the authority holding that information).
2.That the Cabinet Member for Finance,
Property and Regeneration delegated authority to the Executive
Director of Finance and Resources to enter into a reversionary
lease with the current tenant for Mandela Way units B, C and D from
January 2025 to December 2035, based on the agreed
terms.
Reasonsfor Decision
The
decision will provide security of an existing income stream to the
Council until December 2035.