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 type: Non-key
Decision status: Recommendations Approved
Notice of proposed decision first published: 28/03/2024
Contact: Bindu Arjoon, Chief Executive Email: bindu.arjoon@exeter.gov.uk Tel: 01392 265199.
Consultees
Director Finance, City Surveyor and Asset Management Lead, housing Assets.