To enter into a Business Sale Agreement with ECL, whereby the Council acquires all of ECL’s assets (with the exception of the six leasehold flats in the Guildhall Shopping Centre), including any work in progress in return for proper consideration, in the form of a release of ECL from its obligations under the Load Agreements.
The sale agreement shall include a novation of all contracts save those that may be terminated by ECL with the Council’s agreement.
Decision Maker: Chief Executive
Decision published: 28/03/2024
Effective from: 17/10/2023
Decision:
To enter into a Business Sale Agreement with ECL, whereby the Council acquires all of ECL’s assets (with the exception of the six leasehold flats in the Guildhall Shopping Centre), including any work in progress in return for proper consideration, in the form of a release of ECL from its obligations under the Load Agreements.
The sale agreement shall include a novation of all contracts save those that may be terminated by ECL with the Council’s agreement.
Lead officer: Bindu Arjoon