Decision

To finalise the legal documentation to give effect to the Disposal.

To exchange and complete documentation to give effect to the Disposal (including service of notices).

Reasons for the decision

To complete the disposal

Alternative options considered

Do nothing – Cabinet has already taken a decision to market the site and has received offers.

Not sell to any party - his would have a negative capital financial impact upon the council from the loss of assumed receipt in the MTFP and impact negatively upon the revenue budget.

Detailed justification of not proceeding with other bidders is contained within the confidential appendix to the Cabinet paper.