Issue - decisions

RESOLVED:             That the Cabinet

  i)        Approve the archaeological investigation at the Hungate site, and the funding of the work from the future capital receipt.

ii)        Approve the use of the property services revenue budget as required

a.            to fund the finance costs incurred as a result of the timing differences between the archaeological investigation costs incurred and the sale of the capital receipt or

b.            to fund the archaeological investigation costs from the surplus property fund budget if the site is not sold.

iii)       Approve the marketing of the whole Hungate site, following completion of the archaeological investigation.

REASON:                  To enable the site to be marketed for sale.