Decision details

Council to approve interim lease amendments.

Notice under Regulation 10: Key Decision where less than 28 days’ public notice has been given.

Notice under Regulation 5: Private meeting where less than 28 days' public notice has been given.

RESOLVED that Cabinet:-

1.    Approve to vote in favour of the restructuring plans put forward by the tenant named in the report, having considered the options and implications outlined in the report; and

2.    Delegate to the Executive Director Growth and Sustainability, in conjunction with the Director of Finance and Service Director Law and Governance, the authority to respond to the tenant named in the report’s proposals via the appropriate process; and

3.    Delegate the authority to the Executive Director Growth and Sustainability, in conjunction with the Director of Finance and Head of Property or their successors, to manage the process of the restructuring on behalf of BMBC and negotiate any terms with the tenant named in the report, where appropriate, to ensure BMBC’s best interests.

(Note:   The Chair of the Overview and Scrutiny Committee has agreed to waive the delay in implementation associated with the Call-In procedure for this item)