The Executive Director – Development has submitted a reportto seek approval to enter into an agreement to enable the redevelopment of the Boswells department store to create a new 4* hotel.

Recommendations: That Cabinet resolves to:

Approve the terms negotiated in relation to the redevelopment of the Boswells Department Store as set out in Exempt Appendix 2 - not for publication; and

Delegate authority to the Executive Director – Development, in consultation with the Section 151 officer, Head of Law and Governance and the Cabinet Member for Finance and Property, to vary those terms on condition that the revised terms continue to represent the best consideration reasonably obtainable.

The Executive Director, Development had submitted a reportto seek approval to enter into an agreement to enable the redevelopment of the Boswells department store to create a new 4* hotel.

This was considered in confidential session the substance of which is recorded in a confidential minute.

Cabinet resolved to:

1.    Approve the terms negotiated in relation to the redevelopment of the Boswells Department Store as set out in Exempt Appendix 2 - not for publication; and

2.    Delegate authority to the Executive Director – Development, in consultation with the Section 151 officer, Head of Law and Governance and the Cabinet Member for Finance and Property, to vary those terms on condition that the revised terms continue to represent the best consideration reasonably obtainable.

The Panel is recommended to consider the proposals for the site of the former Boswells store and make any recommendations to Cabinet accordingly.

Jane Winfield, Head of Commercial, and Emma Gubbins, Senior Surveyor, will be available to present the report and respond to questions.

Jane Winfield, Head of Commercial Property, and Emma Gubbins, Senior Surveyor, presented the report on the Council’s plans for the former Boswell’s site to the Panel.

The remaining minutes are confidential.