Issue - meetings

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 icon 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.