Decision details

Acquisition of 21-25 (odd) Thompson Lane, Chadderton, Oldham, OL9 8LX [Chadderton South]

Decision Maker: Executive Director for Place & Economic Growth

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The purpose of the report is to detail recent events and seek approval for the Council to continue with the proposed acquisition of the subject property on the basis of the revised terms detailed in Appendix 2 of the report.

Decision:

RESOLVED - That the Council progress Option 3 and still proceed to allow TRG to surrender their interest, thus returning possession of the building to the Council. The provisionally agreed heads of terms are set out in Appendix 2.

Reasons for the decision:

Option 1 - Do nothing and not accept the surrender.
Option 2 - Serve a dilapidations notice.
Option 3 - Allow TRG to surrender their lease and proceed to acquire the property.

Alternative options considered:

Option 1 - Do nothing and not accept the surrender.
Option 2 - Serve a dilapidations notice.

Other reasons / organisations consulted

Legal, Finance and Ward Councillors.

Contact: Mark Prestwich, Development Officer 0161 770 1660, Email: mark.prestwich@oldham.gov.uk Email: Mark.Prestwich@oldham.gov.uk.

Publication date: 15/04/2019

Date of decision: 15/04/2019

Accompanying Documents: