Decision details

1.    That the acquisition of the leasehold interest in the property Units 1-2 Ackhurst Road, Common Bank Industrial Estate on the terms outlined in the report be approved.

2.    The grant of a 10-year Lease be approved on the terms outlined below.

3.    That the financial model outlined in this report be noted and that a further report be presented for urgent council decision.

4.    That this decision be subject to a separate report seeking approval from Council for a new capital budget.