Issue - items at meetings - Consideration of Offer for Option for the Freehold Interest in Amex House

Joint report of the Director of Culture & Enterprise and the Interim Director of Finance & Resources (copy attached).

1.     That Cabinet agree to grant an option to American Express for the sale of the city council’s freehold interest in the Amex House site (as shown in Appendix 1), as outlined in the Heads of Terms attached to and outlined in the Part 2 report.

211.1         The Cabinet considered a joint report of the Director of Culture & Enterprise and Interim Director of Finance & Resources concerning granting an option (in return for consideration) to American Express for the sale of the city council’s freehold interest in the Amex House site ), subject to certain conditions being fulfilled (for copy see minute book).

211.2         Councillor Mitchell left the room during consideration of this item.

211.3         RESOLVED - That, having considered the information and the reasons set out in the report, the Cabinet accepted the following recommendation:

(1)       That the granting of an option to American Express for the sale of the city council’s freehold interest in the Amex House site (as shown in Appendix 1), as outlined in the Heads of Terms attached to and outlined in the Part 2 report, be agreed.