Issue - meetings
New Lease at 49-59 Old Street, London, ECIV.
Meeting: 06/02/2020 - Executive (Item 695)
695 New Lease at 49-59 Old Street, London, ECIV. 
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Additional documents:
Decision:
AGREED RECOMMENDATIONS
Reason for decision – as specified in the report.
Other options considered - none.
Conflicts of interest/dispensations granted – none.
Minutes:
RESOLVED:
2.1 That the proposal to dispose of
the Property by way of an initial 10
year
lease to a serviced office provider on the terms set out in
the
Heads of
Terms (attached as exempt Appendix 1 to the report) be
agreed.
2.2 That authority be delegated to
the Acting Section 151 Officer in
consultation with the Executive Member for Finance, Performance
and
Community Safety to negotiate and agree the detailed final terms
of
the transaction including any amendment to the attached Heads
of
Terms be
agreed.
2.3 That the Acting Director of Law
& Governance be authorised to
complete
the necessary paperwork to conclude the proposed letting be
agreed.
Reason for decision – to enable the lease arrangements to
proceed.
Other options considered – none other than as detailed in the report.
Conflicts of interest/dispensations granted – none.