Decision details

The Cabinet Member for Finance 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).

This report is dealt with under Standing Order 55.1 (General Exception) as it has not been on the Forward Plan for at least 28 days before the decision was made.  The Chairman of the Resources and Performance Select Committee has waived the right to call-in on this item.

RESOLVED:

1.    That the sale of Waterman House and the adjoining former Youth Centre be agreed.  See [Exempt Minute E-10-19].

2.    That authority be delegated to the Lead Asset Strategy Manager, in consultation with the s151 Officer and Cabinet Member for Finance, final approval to the terms of the Overage Agreement. See [Exempt Minute E-10-19].

3.    That authority be delegated to the Lead Asset Strategy Manager, in consultation with the s151 officer and Cabinet Member for Finance, a percentage  variation [Exempt Minute E-10-19] in the agreed sale price to reflect possible changes and circumstances as a result of the due diligence process.

Reason for Decision:

The properties are no longer considered suited to ongoing service delivery, nor capable of generating significant income. The capital receipt from the sale will contribute to the funding sources available to the council in support of its delivery of services to residents.

The decision was unanimous.