4. ACQUISITION OF WILKINSON'S BUILDING, TALBOT ROAD PDF 321 KB
Additional documents:
Decision:
The Executive agreed the
recommendations as outlined above namely:
- To
confirm agreement to the acquisition of the Wilkinson’s
building taking the premises subject to the existing occupations.
To confirm the funding of the acquisition via Prudential Borrowing,
repaid initially by the income from the current occupiers as
outlined in paragraphs 9.4 and 9.6.
- To
Prudentially Borrow a total of £7.8m over a term of up to
fifty years to fund the purchase of the building and the
subsequent demolition and site
preparation ready for future development.
- To
authorise officers to explore the possibility of selling part of
the site to the Homes and Communities Agency (HCA).
- To
reserve part of the site for the future use as a tramway
terminus.