Decision - Ice Rink, Queen Square, Update on Disposal
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Decision details
Ice Rink, Queen Square, Update on Disposal
Decision Maker: Cabinet (pre 2012)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To advise on the outcome of the marketing
exercise for the potential development of the site.
Decision:
(1) That Cabinet approve and authorise
(a) the disposal of the Ice Rink site and 11 Queen Square on a 150 year lease to the successful bidder for a premium and a peppercorn rent, following the full evaluation of informal bids and recommendations by the council’s appointed agents, Oakelys, as outlined in item 3.9 of this Agenda and detailed in the part two report.
(b) the detailed terms to be settled by the Director of Finance & Resources, Assistant Director Property & Design and the Solicitor to the Council provided the terms are certified by the valuer to be the best consideration reasonably obtainable.
(2) Should the disposal to the preferred party not be completed, to approve and authorise the disposal to either of the short listed parties, or other bidders on similar terms with an agreed target premium.
Report author: Angela Dymott
Publication date: 13/02/2009
Date of decision: 12/02/2009
Decided at meeting: 12/02/2009 - Cabinet (pre 2012)
Effective from: 20/02/2009
Accompanying Documents:
PDF 94 KB