Decision details

To authorise the disposal of those sites in principal to the preferred bidder(s) with heads of terms.

The Cabinet has considered a report setting out and summarises the marketing campaigns that have recently concluded on two key town centre development sites and seeking approval for the disposal of the former Ritz Cinema car park (also known as ‘land at Piccadilly’ and ‘Fletcher Street’) and the former Greenhale House site.

The Cabinet has then:-

(1) Approved the proposal to dispose of the former Ritz Cinema car park in line with the recommendation report in Confidential Appendix 2 and the Heads of Terms as detailed in Confidential Appendix 4.

(2) Approved the proposal to dispose of the former Greenhale House in line with the recommendation report in Confidential Appendix 2 and the Heads of Terms as detailed in Confidential Appendix 5.

(3) Delegated authority to the Corporate Director (Place) & Deputy Chief Executive and Corporate Director (Corporate and Support Services) & Deputy Chief Executive in consultation with the Cabinet Member for Economy and Regeneration and the Cabinet Member for Resources, Commissioning and Governance to negotiate and agree the detailed final terms relating to the disposal of the interests in the two subject sites.

(4) Delegated authority to the Strategic Head of Service (Legal & Democratic Governance) to do all things necessary or incidental to the implementation of the above-mentioned resolutions.

(NOTE: The report contained a ‘not for publication’ appendix that was circulated to members of the Cabinet only).

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