Issue - meetings

To consider the report of the Director of City Development which seeks approval to acquire Albion House, No. 1 Rawdon Park, to support the sale of Micklefield House plus associated buildings, and to provide much needed, fit for purpose office accommodation in the outer north-west area of the city.

(Please note that Appendix 3 to this report is designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3))

The Director of City Development submitted a report which sought approval to acquire Albion House, No. 1 Rawdon Park, in order to support the sale of Micklefield House plus associated buildings, and to also provide fit for purpose office accommodation in the outer northwest area of the city.

Following the consideration of Appendix 3 to the submitted report designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3), which was considered in private at the conclusion of the meeting, it was

RESOLVED –

(a)  That the acquisition of Albion House on the terms as identified within exempt appendix 3 to the submitted report, including the financial business case as set out within that appendix, be approved;

(b)  That the necessary authority be delegated to the Director of City Development in order to enable the Director to agree the final detailed terms of the acquisition;

(c)  That the injection into the capital programme of the sums as identified within exempt appendix 3 to the submitted report, be approved, and that approval also be given to provide ‘authority to spend’ the monies, as required;

(d)  That it be noted that the Head of Asset Management is responsible for the proposed acquisition, as detailed within the resolutions above.