Agenda

The Chief Executive consulted with the Leader and Cabinet Member with responsibility for Property to make a decision in accordance with the City Council’s Urgent Business Procedure. The 999-year leasehold of the above property is up for auction and consideration was required as to whether the City Council should seek to acquire it, subject to valuation and due diligence.  Details of the decision and the reasons for urgency are set out in a report exempt from publication by virtue of paragraph 3 of Schedule 12A of the Local Government Act 1972.  The Chairman of the Overview and Scrutiny Committee was consulted and agreed to waive the five day call-in period in accordance with Overview and Scrutiny Procedure 17.  The decision may therefore be implemented with immediate effect.