LONGLEY INDUSTRIAL ESTATE AND NEW ENGLAND HOUSE

OFFICER AMENDMENT

To amend recommendation 2.1.4 as shown in bold italics below.

2.1.4 Delegates authority to the Executive Director for Economy, Environment & Culture to appropriates the Longley Industrial Estate for planning purposes, once the council has received an appropriate indemnity from L&G in relation to any costs associated with overriding third party rights; and agrees in principle that the council will authorise the use of S203 and delegates the final decision to authorise the use of S203 powers to the Executive Director for Economy, Environment & Culture;

Proposed by Executive Director for Economy, Environment & Culture

Recommendations if carried to read:

2.1 That the committee:-

2.1.1 approves the Heads of Terms appended to this report for an agreement for lease

and new lease on the Longley Industrial Estate;

2.1.2 grants delegated authority to the Executive Director for Economy, Environment &

Culture, Assistant Director Property & Design and the Executive Lead Officer –

Strategy, Governance & Law to enter into an agreement for lease and a lease

with Legal & General that will secure a premium in respect of the Longley

Industrial Estate;

2.1.3 grants delegated authority to the Executive Director for Economy, Environment &

Culture, Assistant Director Property & Design and the Executive Lead Officer –

Strategy, Governance & Law to make minor amendments to the Heads of Terms,

settle all the legal documents and take any other necessary steps required to

implement the recommendation at 2.1.2;

2.1.4 Delegates authority to the Executive Director for Economy, Environment & Culture to appropriates the Longley Industrial Estate for planning purposes, once the council has received an appropriate indemnity from L&G in relation to any costs associated with overriding third party rights; and agrees in principle that the council will authorise the use of S203 and delegates the final decision to authorise the use of S203 powers to the Executive Director for Economy, Environment & Culture;

2.1.5 agrees to ring-fence the premium received for the extension and refurbishment of New England House;

2.1.6 notes the work which is progressing in relation to New England House and notes

that there will be a further report brought to Committee to seek approvals in

relation to that project.