Issue - decisions

Resolved:  (i)      That the sale of Willow House to Cavendish and Gloucester Properties Ltd., as the highest bidder, be approved.

                   (ii)      That Bidder 3 be retained as a reserve bidder and, should Cavendish and Gloucester Properties Ltd. fail to complete the purchase of Willow House, that Willow House be sold to Bidder 3.

Reason:     To achieve the best consideration for the Willow House site, and facilitate investment in the Older Persons Accommodation Programme.