It is resolved that:
(A)
Council endorse the sale of up to 10,871.25
square metres of Heritage Floor Space awarded to the City in its capacity as a
landowner of the heritage listed Capitol Theatre;
(B)
authority be delegated to the Chief Executive
Officer to manage the sale of Heritage Floor Space for Capitol Theatre,
including supporting valuations, negotiations and executing all documentation
to effect and complete the sale; and
(C)
Council note that it will be updated on the
progress of the sale of Heritage Floor Space for Capitol Theatre through CEO
Updates as and when the sale of the Heritage Floor Space is completed.
Carried unanimously.
X026460.003