Decision details

St Mary's Gate Rochdale - Proposed Acquisition of Property

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

The purpose of this report is to seek Cabinet approval for a strategic acquisition of property at St Mary's Gate, Rochdale.

Decisions:

The Senior Property Manager presented to Members a report seeking approval to acquire a strategic property in the centre of Rochdale.

 

RESOLVED

 

1)    That Cabinet accepts a surrender of the leasehold interest of the property and of the associated car parking spaces for a sum of £355,000 (three hundred and fifty-five thousand pounds).

 

2)    That the Assistant Director of Resources, Legal, Governance & Workforce be authorised to complete all formal legal documentation in connection with the purchase.

 

3)    That that delegated authority be granted to the Leader and the Cabinet Member for Planning, Development and Housing to approve amendments up to the value of 10 percent.

 

Report author: Peter Gregory

Publication date: 26/02/2020

Date of decision: 28/01/2020

Decided at meeting: 28/01/2020 - Cabinet

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