RESOLVED that Cabinet –

(a)    authorises, in principle, the freehold sale of the property; and

(b)    subject to its decision on terms to be taken later on in the meeting following the exclusion of the press and public, authorises the Corporate Director (Operations and Delivery) to enter into a contract and transfer deed to complete the sale of the property. However, should this sale fall through, the Corporate Director (Operations and Delivery) may continue to accept offers £10,000 above or below the sale price or to go to auction via the recommended reserve price.