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

The Associate Cabinet Member for Assets and Regeneration asked for Cabinet approval to authorise the sale of the property and adjoining land in the Leatherhead area to support the County Council’s Investment Strategy. He confirmed that it was no longer required for service delivery nor capable of generating significant income.

RESOLVED:

1.       That the sale of the property and land, as outlined on the attached plan in Annex 1, and as detailed the submitted report be approved.

2.       That a 5% variation in the agreed sale price to reflect possible changes and circumstances as a result of the ongoing due diligence process be delegated to the Strategic Director for Business Services, in consultation with the Cabinet Member for Business Services and the Leader of the Council.

Reasons for Decisions:

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