Decision details

Further to decision EX 19/2015, to seek approval for the acquisition of Bonny Street Police station and lease back for the Police to occupy the Station until they move and for the granting of a legal agreement for the Police to use Municipal Buildings for their Town Centre team.

The Executive agreed the recommendations as outlined above namely:

1. To approve the acquisition of Bonny Street Police station for £3,200,000.

2. To authorise the temporary Prudential Borrowing to fund this purchase.

3. To approve the granting of an appropriate tenancy of Bonny Street Police Station to Lancashire Constabulary.

4. To approve the granting of an appropriate legal agreement for the shared accommodation at Municipal Buildings.

5. To ring-fence the income from the two legal agreements outlined in 2.3 and 2.4 towards the associated of acquisition and the temporary Prudential Borrowing associated with this acquisition.