Purpose

To write off outstanding debts on the Savills Management Accounts relating to Wolsey Walk.

Decision

The Executive Resolved

That  (i)    the service charge accounts at Wolsey Walk for the period 2022-2025 should be formally closed;

          (ii)   instructions be given to the managing agents to write off the recommended sums; and

          (iii)  any resulting service charge shortfall (£174,688.81) should be made up by Woking Borough Council as freeholder as set out in the Part 2 report.

Reason: To enable the service charge accounts to be finalised and for historic debts, which have not been formally written off, to be addressed.