In order to meet income targets of £1.25m per annum within the Highways & Transportation Revenue account, this report sets out the proposed following actions to issue a direct award to Ocean Outdoor UK Ltd to continue to license a site at Preston’s Road Roundabout following a negotiated agreement on terms and conditions.

The Exempt Appendix was noted.

DECISION

1.    To authorise the Corporate Director Place to enter into an appropriate land related agreement to allow Ocean Outdoor UK Ltd to continue to license a site at Preston’s Road Roundabout subjct to the agreement of appropriate legal terms and conditions.

2.    To authorise the Corporate Director Place to authorise the execution of any and all agreements, licences and if necessary, registrations necessary to give use of the land known as Preston’s Road roundabout,

3.    The above recommendations are subject to the Director of Legal being satisfied that the best consideration requirements of Section 123 of the Local Government Act 1972 are being met if applicable to the terms of the Contact.

DECISION

CORPORATE DIRECTOR, PLACE (A. SUTCLIFFE)

(Head of Highways and Transportation (N. Davis)

(Head of Service Development and Programmes (S. Alom)

(Group Manager Highways (P. Whitfield)

(Team Leader Highways (S. Warway)