Issue - meetings

The Report of the Director – Development and Economic Growth is attached

It was RESOLVED that:

a)           the disposal of the Rushcliffe Borough Council mast sites to APW as set out at b), c) and d) below, be approved, having regard to the identified risks to ongoing income levels (and future capital values) posed by the new Government Product Security and Telecommunications Infrastructure Bill (PSTI);

b)           the freehold sale of mast sites at Buckfast Way and Stamford Road be approved, with the latter subject to an overage payment at first Lease Renewal for the value stipulated in the report;

c)           the long lease disposals of the two masts at Wilwell Farm be approved;

d)           the future long lease disposal of Masts 1 and 2 at Rushcliffe Arena be approved, each at a minimum value stipulated in the report, with final negotiations and sale price to be delegated to the Director – Development and Economic Growth; and

e)           the requirement for immediate full payment of all the freehold sales and leasehold premium payments for the masts referenced in the report be approved on completion of the sum stipulated in the report, as opposed to an alternative APW offer of equal payments over five years.