Content

The Cabinet
Member:
 

1.   
Formally declared the asset surplus to
operational requirements in consultation with The Leader and Deputy
Leader.
 

2.   
Approved the sale of 53 Westfield Road,
Camberley, GU15 2SA, to the party, at the price and subject to the
conditions, noted in the part 2 report. The sale is conditional
upon the simultaneous surrender of the headlease held over the
asset by HGR which has been agreed by the HGR Board.
 
3.   
Approved the HGR premium for the
surrender of its interest from the gross receipt and notes there is
debt aligned to this asset, with both parties bearing their own
costs and appointments of their own professional team.
 
4.   
Delegated authority to the Executive
Director for Environment Property and Growth in consultation with
the Director of Land and Property to finalise the transaction and
enter into all associated legal agreements.