Issue - meetings
Supermarket Premises, Britton Farm Shopping Centre, High Street, Gillingham
Meeting: 07/02/2017 - Cabinet (Item 12)
12 Supermarket Premises, Britton Farm Shopping Centre, High Street, Gillingham 
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Minutes:
Background:
This report provided details of the proposal to let the Britton Farm Shopping Centre supermarket premises which were likely to become vacant in the near future owing to circumstances beyond the Council’s control.
The report also referred to an urgent decision taken by the Leader on 26 January 2017 to authorise the Chief Legal Officer to vote in favour of the Company Voluntary Agreement (CVA) in respect of these premises at the creditors’ meeting to be held on 27 January 2017, and to take any other necessary steps to mitigate the Council’s financial exposure in this matter (decision no. 187/2017).
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Decision number: |
Decision: |
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14/2017 |
The Cabinet agreed to delegate authority to the Chief Legal Officer, in consultation with the Portfolio Holder for Resources, to let the supermarket premises, at Britton Farm Shopping Centre, High Street, Gillingham, on the best terms reasonably obtainable. |
Reasons:
To mitigate the Council’s losses as a result of the premises becoming vacant.