The report sets out the background and current position with the Co-op in relation to their remaining leasehold interest on the former retail property in Houghton Regis that burnt down in 2006.

1.      To delegate to the Director of Improvement and Corporate Services, in consultation with the Executive Member for Corporate Resources, the authority to agree the best terms available through mediation for the authority.

2.      In the event that mediation is unsuccessful, delegate to the Director of Improvement and Corporate Services, in consultation with the Executive Member for Corporate Resources, the authority to begin litigation.

The Executive considered a report from the Deputy Leader and Executive Member for Corporate Resources that set out the background and current position with the Co-op in relation to their remaining leasehold interest on the former retail property in Houghton Regis that burnt down in 2006 and the potential remedies and legal processes the Council was now looking to pursue.

Reason for decision:  To secure and regain control of the site to enable future redevelopment and prevent the blight effect of the site in the town centre.

RESOLVED

1.      to delegate to the Director of Improvement and Corporate Services, in consultation with the Executive Member for Corporate Resources, the authority to agree the best terms available through mediation for the authority; and

2.      in the event that mediation is unsuccessful, delegate to the Director of Improvement and Corporate Services, in consultation with the Executive Member for Corporate Resources, the authority to begin litigation.