It is resolved that:
(A) Council
approve the grant of a new lease to Woolworths Group Limited (ACN 000 014 675) for part 437-441 Bourke Street,
Surry Hills (being Lot 2 in DP1063190) in accordance with the essential lease
terms and conditions contained within Confidential Attachment A to the subject
report;
(B) Council
approve the granting of an initial term of 10 years plus 4 further options of 5
years (4 x 5) as per the terms outlined in Confidential Attachment A to the
subject report; and
(C) authority
be delegated to the Chief Executive Officer to negotiate, execute and
administer the terms of the lease and associated agreements, in accordance with
the essential terms and conditions contained within Confidential Attachment A
to the subject report.
Carried unanimously.
X104524