Decision details

To approve recommendations for purchase and sale of assets and terms of leases

(over £1m – Cabinet decision, under £1m – Cabinet Member decision,

in consultation with the Leader)

Part 2

In the absence of the Cabinet Member for Business Services and Resident Experience, the Cabinet Member Associate for Community Safety Services introduced the report and commended the recommendations for the disposal of the former Guildford fire station site to the Cabinet.

RESOLVED:

1.         That the Cabinet authorises the grant of a groundlease over the property as outlined in the submitted report for a bulky goods non food retail store, as set out in the report.

2.         That any agreed variation in the sale price in accordance with the report be delegated to the Strategic Director for Business Services, in consultation with the Cabinet Member for Business Services and the Leader.

Reasons for Recommendations:

The sale of the property is required to contribute towards the County Council’s Investment Strategy and to dispose of a property no longer considered required for ongoing service delivery, nor capable of generating significant income.