Cabinet resolved to:

1. Approve the disposal of land at Grenoble Road; 
2. Delegate authority to the Director of Property and Assets, in consultation with the Director of Law, Governance and Strategy and the Group Finance Director?and Lead Member for Finance and Asset Management?to?agree the final terms and?enter into the final agreement?and any?other?documents necessary?to?effect?the?transaction provided that the ?disposal will?meet the requirements of s123 of the Local Government Act 1972 (which states that a council shall not dispose of land otherwise than by way of a short tenancy, for a consideration less than the best that can reasonably be obtained).