Decision details

Release of Capital Programme Policy Provision for Lease Surrender on Queen Street

Decision Maker: City Mayor (Individual Decision)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To seek approval to release £120,000 from the capital programme policy provision to enable the surrender of a long leasehold interest on Queen Street in the Cultural Quarter to progress land assembly for regeneration in this area.

Decision:

Approve the release of £120,000 from the Strategic Acquisitions Policy Provision to be added to the capital programme as an immediate start to fund a lease surrender at 30 Queen Street.

Reasons for the decision:

Strategic acquisition of available properties.

Alternative options:

Not acquiring the property.

Publication date: 27/09/2023

Date of decision: 27/09/2023

Effective from: 05/10/2023

Accompanying Documents: