Councillor Lowry (Cabinet Member for Finance) introduced a report on the Re-development of Old Town Street/New George St. East.

Following a short debate and having considered the information in the reports, Cabinet agreed to:

·         Approve the Business Case;

·         Allocate funding for the project to the Capital Programme funded by Corporate Borrowing as set out in the business case;

·         Agree to re-gear and grant of 250 year leases on completion of kiosks

·         Authorise the necessary procurement processes;

·         Delegate the award of contracts to the Strategic Director for Place.