Purpose

The Cabinet will be asked to approve the proposed terms of
the sale of the Council’s freehold interest in land in
Eastbrook & Rush Green ward.

Content

Cabinet resolved to:
 
(i)  Agreed to enter into
an agreement for the sale of the Council’s freehold in the
site, shown edged in red in Appendix B to the report, on the terms
set out in Appendix A to the report, subject to independent
valuation;
 
(ii)  Delegate authority
to the Strategic Director, Resources, in consultation with the
Cabinet Member for Regeneration and Economic Development and the
Head of Legal, to determine whether the land for the retail unit
shall be returned to the Council and to the transfer of the
Community space/cafe; and
 
(iii)  Delegate authority to the
Strategic Director, Resources, in consultation with the Cabinet
Member for Regeneration and Economic Development and the Head of
Legal, to agree the final terms and enter into the agreement for
sale and all other related documents.