1. That approval be given to the principle of letting Over Bank Farm, edged red on the plan attached to the report, within a farm business tenancy for a period of 10 years (with break clauses every 3 years in respect of the main farm and every year in respect of the land shown hatched red on the plan).
2. That approval be given to the allocation of up to £120,000 from the existing approved capital programme (Farms Strategy) to fund building improvements, subject to the payment of an additional rental charge equating to 7% per annum of the actual cost.
3. The farmhouse buildings and paddock of Underbank Farm, shown shaded blue on the plan attached to the report, be declared surplus to requirements and sold on the open market.
4. The Assets Manager be authorised to determine the heads of terms for the disposal of Underbank Farm and whether to seek any planning approval/s prior to disposal.
5. The County Land Agent be authorised to determine the heads of terms for the tenancy of Over Bank Farm.
6. The Director of Legal Services be authorised to prepare approve and execute all necessary documentation to give effect to the heads of terms for grant of a tenancy of Over Bank Farm and the sale of the farmhouse buildings and paddock of Underbank Farm.