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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 16 Brook Hill, Oxted, RH8 9LR 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, in conjunction with the Leader, the acquisition of the
leasehold interest held by HGR over the property at the premium
noted in the Part 2 report. The premium for the surrender of
HGR’s interest is payable by the Council from the gross
receipt and it is noted 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 Section 151 officer in consultation with
the Director of Land and Property to finalise the transaction and
enter into all associated legal agreements.