Decision details

The Leader introduced this Part 2 report that contained information which was exempt from Access to Information requirements by virtue of paragraph 3 – Information relating to the financial or business affairs of any particular person (including commercially sensitive information to the bidding companies).  It was proposed to sell a parcel of land at Woking as it  was no longer required to support service delivery or capable of generating significant income, following abortive negotiations with a prospective purchaser and a re-marketing exercise.

RESOLVED:

1.    That the sale of land as shown hatched on the plan in Annexe 1 of the submitted report to [Exempt minute E-3-19] on an unconditional basis be approved.

2.    That authority be delegated to the Chief Property Officer, in consultation with the Leader, the ability to accept up to a 10% variation in the sale price to reflect possible changes occurring during the technical and legal due diligence basis.

Reason for Decision:

The land at [Exempt minute E-4-19] Woking is not required to support service delivery, nor is it capable of generating a significant income.  The capital receipt will contribute to the funding sources available to the council in support of its delivery of services to its residents.

The decision was unanimous.