Issue - meetings
Lease at 59 - 69 George Street, Oxford
Meeting: 10/08/2022 - Cabinet (Item 44)
44 Long Lease Regear/Extension of 59 - 69 George Street PDF 220 KB
The Head of Corporate Property has submitted a report to seek approval of outline terms for the proposed regear of the head lease at 59-69 George Street in order to provide a capital receipt to the Council.
Cabinet is recommended to:
1. Approve the outline terms negotiated in relation to the re-gear of 59-69 George Street as set out in Exempt Appendix 3; and
2. Delegate authority to the Executive Director (Development) in consultation with the Head of Financial Services/S151 Officer, the Head of Law and Governance and the Deputy Leader (Statutory) - Finance and Asset Management to approve the final form of documents and enter into the transaction.
Additional documents:
Minutes:
The Head of Corporate Property had submitted a report to seek approval of outline terms for the proposed re-gear of the head lease at 59-69 George Street in order to provide a capital receipt to the Council.
Cabinet resolved to:
1. Approve the outline terms negotiated in relation to the re-gear of 59-69 George Street as set out in exempt appendix 3; and
2. Delegate authority to the Executive Director (Development) in consultation with the Head of Financial Services / S151 Officer, the Head of Law and Governance and the Deputy Leader (Statutory) – Finance and Asset Management to approve the final form of the documents and enter into the transaction.