Calculation of the £100m Profit
8.1 How does ACC calculate the claimed £100m profit? Is this £100m profit contingent on a minimum level of occupancy?
The Council will receive £10 million for the site £1million now and a further £9 million on completion in two years, an equal share of the development profit, the difference between the lease cost to Aviva and the income generated by the development for 35 years and the value of the development in 35 years' time. Money is also available for works to upgrade Provost Skene's House, Broad Street and create the gardens and other public areas within the scheme. In all this benefit could be worth more than £100 million.
8.2 Why has the public not been alerted to the potential liability, rather, only the upside (which is not described as potential)?
The project was fully presented to the committee when a decision was made to appoint Muse as preferred bidder. This is a commercial contract. The council or any other organisation would not normally alert any other parties to the liabilities on any transaction. The council has always stated, since the decision was made to appoint Muse that the commercial agreement would include a head lease over the development site.
8.3 Has ACC assumed any value of the Marischal Square buildings as at 2050 when calculating Jenny Laing's claim of a £100m profit over 35 years? 
In assessing bids of this nature it is normal to account for some degree of value in the site at the end of the lease. This would normally be site value or by comparison the value of other similarly aged buildings.