Purpose

It is recommended that Cabinet formally
declares the asset surplus to operational requirements.

Content

RESOLVED:
 

That Cabinet formally declares the
asset surplus to operational requirements.

 

That Cabinet approves the sale of 33
Rookery Road, Staines to the party at the price and subject to the
conditions, noted in the part 2 report including the price
variation mechanisms.

 

That Cabinet delegates authority to
the Deputy Chief Executive and Executive Director of Resources
(s151 Officer) in consultation with the Director of Land and
Property to finalise the transaction and enter into all associated
legal agreements.

 
Reasons for
Decisions:
 

Cabinet has previously endorsed
rationalisation of the surplus estate, and the report follows an
open marketing campaign of the vacant property known as 33 Rookery
Road, Staines.  Terms have been agreed
to sell the freehold interest to the party, and at the price, noted
in the part 2 report.

 

Full status and funding enquiries
have been made of the party outlined in the part 2 report and the
transaction is recommended as supporting best value
obligations. 

 

To enable the disposal, Cabinet is
requested to formally declare the asset surplus to operational
requirements under the Council’s Constitution.

 
(The decisions on
this item can be called-in by the
Resources and Performance Select Committee)