The Cabinet Member is recommended to:
1. Approve the leasehold acquisition and reverse surrender premium of the lease dated 15 January 1970 between The Mayor Aldermen and Citizens of The City of Peterborough (Peterborough City Council) and the original tenant Currie Plant (Holdings) Limited
2. Peterborough City Council paying a reverse surrender premium of £175,000 exclusive of VAT plus Stamp Duty Land Tax (SDLT) and legal fees.
3. Approve a £20,000 budget to assist the Council in preparing the unit for market.
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: East;
Notice of proposed decision first published: 04/11/2022
Anticipated restriction: Part exempt - View reasons
Decision due: March 2023 by Cabinet Member for Finance and Corporate Governance
Lead member: Councillor Andy Coles, Cabinet Member for Finance and Corporate Governance firstname.lastname@example.org
Lead director: Executive Director of Corporate Service
Department: Corporate Services
Contact: Felicity Paddick, Manager - Estates and Valuation Email: email@example.com Tel: 07801 910971.
Relevant Scrutiny Committee: Growth, Resources, And Communities Scrutiny Committee