The Council has an opportunity to purchase the long leasehold interest in The Old School, Gloucester Green.

Exemption and Urgency:

This decision is published under the urgency procedures to meet external commercial deadlines.

The Chair of the Scrutiny Committee has been consulted and has agreed to the issue being considered without giving 28 days public notice having had regard to the urgency of the report.

Council considered a report to the City Executive Board on 17 December 2015 seeking approval for the principle of acquiring the long leasehold interest in The Old School, Gloucester Green, including the confidential Appendix 1 circulated with the City Executive Board papers, and the relevant draft minute of the City Executive Board meeting.

Council resolved to:

increase the budget within the Council’s capital programme by the requisite amount in 2015/16.