RESOLVED - That the Council;
- Obtain possession of 56 Gibraltar Street on the basis of the
provisionally agreed heads of terms set out in Appendix Two
and;
- Enter into negotiations with the Department for Education for the
direct sale of 56 and 58 Gibraltar Street at Market Value. Once the
independent valuation has been prepared, the agreed terms with the
DfE would be subject to a separate report in accordance with the
Council's scheme of delegation.
- In the event that the Council fail to conclude negotiations or a
sale to the DfE, that the properties at 56 and 58 Gibraltar Street
are advertised on the open market with the Director of Economy
having full authority to agree the preferred route to market (i.e.
informal tender, auction etc.). If applicable, any open market
offers would again be subject to al separate report in accordance
with the Council's scheme of delegation.