Decisions for issue Ice Rink, Queens square, Update on Disposal

(1) That Cabinet approve and authorise

(a)       the disposal of the Ice Rink site and 11 Queen Square on a 150 year lease to the successful bidder for a premium and a peppercorn rent, following the full evaluation of informal bids and recommendations by the council’s appointed agents, Oakelys, as outlined in item 3.9 of this Agenda and detailed in the part two report.

(b)        the detailed terms to be settled by the Director of Finance & Resources, Assistant Director Property & Design and the Solicitor to the Council provided the terms are certified by the valuer to be the best consideration reasonably obtainable.

(2)      Should the disposal to the preferred party not be completed, to approve and authorise the disposal to either of the short listed parties, or other bidders on similar terms with an agreed target premium.