Agenda, decisions and draft minutes

This report seeks approval to acquire at the Jones Lang LaSalle auction on the 21^st October the freehold interest in 300 Mare Street.

RESOLVED:

1.  To agree that the Council purchases the freehold interest in 300 Mare Street at the Jones Lang La Salle auction on the 21^st October within the price range as detailed in the attached Exempt Appendix A and to authorise the re-sourcing and spending of these monies.

2.  To authorise the Corporate Director of Legal and Democratic Services to agree the terms for the contract and to complete the purchase of 300 Mare Street  on behalf of the Council.

3.  To delegate authority to the Corporate Director of Legal & Democratic Services to enter into agreement and other necessary legal documentations required to implement the required proposed acquisition on behalf of the Council.

RECEIVED the report.

Ian Williams confirmed that consent had been given by Councillor Simche Steinberger, Chair of the Overview and Scrutiny Board to take the decision upon the acquisition of the freehold interest in 300 Mare Street, Hackney, E8 as it could not be reasonably be deferred until the scheduled Cabinet meeting on 26^th October 2009.

RESOLVED:

1.  To agree that the Council purchases the freehold interest in 300 Mare Street at the Jones Lang La Salle auction on the 21^st October within the price range as detailed in the attached Exempt Appendix A and to authorise the re-sourcing and spending of these monies.

2.  To authorise the Corporate Director of Legal and Democratic Services to agree the terms for the contract and to complete the purchase of 300 Mare Street  on behalf of the Council.

3.  To delegate authority to the Corporate Director of Legal & Democratic Services to enter into agreement and other necessary legal documentations required to implement the required proposed acquisition on behalf of the Council.