Purpose

Cabinet to consider the purchase offers for
the sale of the Development Land at Reform Road and agree the offer
to proceed with.

Content

AGREED: That cabinet
noted the report and:
i)                
Considered all offers received for the sale of the Reform Road
Development Land and agrees to proceed with the sale to the
Partnership of Pembury Real Estate and Hines as this offer
represents the best consideration that can reasonably be
obtained.
ii)              
Delegated authority to the Executive Director of Place Services
in consultation with the Cabinet Member for Planning, Governance
and Asset Management to enter contract and complete the sale of the
freehold interest of the Development Land at Reform Road to the
Partnership of Pembury Real Estate and Hines.