Purpose

To consider a report on the proposed disposal of Upton
Lodge, 322-326 High Street, Slough as part of the Council’s
Asset Disposal Strategy.

Decision

(a) 
Agreed to the Council
sale of the asset referred to in Appendix A and known as Upton
Lodge, 2a Yew Tree Road, Slough to the bidder named in Appendix A
to the report.

 

(b) 
Delegated authority to
the Executive Director of Regeneration, Housing & Environment,
in consultation with the Lead Member for Financial Oversight and
Council Assets and the Executive Director of Finance and
Commercial, to negotiate the terms of and enter into the contract
and any associated documentation in connection with the disposal
consistent with the disposal report and Heads of Terms appended at
Confidential Appendix A to the report.
 

(c) 
Noted that the Cabinet
Committee was asked to note the methodology to be adopted (Appendix
D to the report) for assessing assets in the Asset Disposal
Programme, prior to launching to the market, to determine minimum
sales values. This framework provides an objective methodology for
evidencing Best Value.