40.1 The Lead Member considered a report by the Chief Operating Officer together with exempt information in a later agenda item.
DECISIONS
40.2 The Lead Member RESOLVED to:
1) Review written offers submitted following the marketing of Phoenix Centre, Lewes and agree to grant a lease to the highest scoring organisation as set out in Appendices 2 and 3 to the exempt report;
2) Approve that lease terms are agreed with the recommended organisation, in accordance with s123 of the Local Government Act 1972;
3) Delegate authority to the Chief Operating Officer to agree the terms of the lease in accordance with s123 of the Local Government Act 1972, including proceeding with the next best offer(s) in the event of the transaction(s) not completing within the expected timelines; and
4) Delegate authority to the Chief Operating Officer to take all actions necessary to give effect to the recommendations in the report.
REASONS
40.3 The proposed terms are considered to reflect the best consideration for the Site in accordance with s.123 of the Local Government Act 1972.
40.4 Delegation of authority to the Chief Operating Officer to agree the terms of the lease in accordance with s123 of the Local Government Act 1972, including proceeding with the next best offer(s) in the event of the transaction(s) not completing within the expected timelines; and to take all actions necessary to give effect to the recommendations in the report will facilitate the timely completion of the documentation.