Issue details

The terms of the agreement have been concluded and reviewed and are a reasonable and legally sound commercial arrangement which has been negotiated between experienced teams each with the benefit of support from national firms of valuers. The final terms do not depart from the Heads of Terms previously reported to Cabinet in a way that adversely affects the risk profile for the Council. The economic benefits of the proposed arrangements significantly outweigh the public cost.
The proposed arrangements comply with Public Contract Regulations, state aid/ public subsidy requirements and meet the Council’s best value obligations.