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.