The Cabinet resolved to:
(i) Agree to the surrender of the existing lease and the granting of a new 50-year lease based on the terms outlined in the report, in accordance with the Council’s Land Acquisition and Disposal Rules; and
(ii) Delegate authority to the Strategic Director of Growth and Homes, in consultation with the Cabinet Member for Finance, Growth and Investment, the Chief Operating Officer and the Director of Law and Governance, to negotiate and finalise terms and execute all the legal agreements and other documents on behalf of the Council.