Authority to Dispose of Assets by Sale

February 11, 2025 Executive (Other) Key decision Awaiting outcome View on council website
Full council record

Decision

(A) in order to expedite the
disposal of the Northgate End residential and commercial block, the
entire freehold be sold to a sole purchaser with authority to
complete the disposal for best consideration delegated to the Head
of Housing, Health and Property;
 
(B) the freehold of Layston
Court Gardens, Buntingford be disposed of for best consideration,
having regard to the council’s chartered surveyor’s
valuation, removal of revenue liabilities the safeguarding the
council’s interests in decisions over future use, to
Buntingford Town Council with authority to complete the disposal
delegated to the Head of Housing, Health and Property;
 
(C) the freehold of land at
West Street (known as Hertford Football Club) be disposed of to the
existing long leaseholder, subject to an acceptable disposal price
and terms being negotiated, having regard to an independent
valuation to which both parties would consent, the removal of
revenue liabilities for the council and the safeguarding the
council’s interests in decisions over future use, with
authority to proceed to disposal with the negotiated price and
terms delegated to the Executive Member for Financial
Sustainability, acting in consultation with to the Head of Housing,
Health and Property.

Related Meeting

Executive - Tuesday 11th February, 2025 7.00 pm on February 11, 2025

Details

OutcomeFor Determination
Decision date11 Feb 2025
Effective from20 Feb 2025
Subject to call-inYes