Issue - meetings

The Leader of the Council and Cabinet Member for Service Transformation & Business Operations jointly submitted a report, which provided an update on commercial negotiations between Swansea City AFC and Swansea Council on existing lease arrangements.

Resolved that:

1)              The Heads of Terms, as set out in this report be approved;

2)              The Director of Place, in consultation with the Cabinet Member for Service Transformation and Business Operations be authorised to negotiate and agree any further or final terms as may be necessary;

3)              The Head of Legal, Democratic Services and Business Intelligence be authorised to prepare any legal documentation required to conclude the agreement and to execute the documentation on behalf of the Council;

4)              The Director of Place following the agreement of final terms, be authorised to report the update position to the European Commission in accordance with the Council’s continuing obligations.