Agenda item

(a)  Agreed to the Council sale of the site of Former Merry Makers PH, Langley with the bidder named in Appendix 1 to the report.

(b)  Delegated authority to the Executive Director of Regeneration, Housing and Environment, in consultation with the Lead Member for Financial Oversight and Council Assets and the Executive Director of Finance and Commercial, to negotiate the terms of and enter into the contract and any associated documentation in connection with the disposal consistent with the disposal report and Heads of Terms appended at Confidential Appendix 1.

The Lead Member for Finance, Council Assets, Procurement and Revenue & Benefits introduced a report that sought approval for the disposal of the former Merry Makers public house site in Langley.

The Part II appendix contained details of the bidder and this was considered by Cabinet during Part I of the meeting without disclosing any of the exempt information.

The proposed sale had been subject to an open competitive disposal process and reflected best consideration reasonably obtainable for the disposal of the assets in accordance with section 123 of the Local Government Act 1972.  The sale would generate capital receipts which will; as the asset sits within the Housing Revenue Account (HRA); benefit the HRA.  The Lead Member commented that there had been previous aspirations for a health facility on the site, but there had been no appetite from the NHS for this and the site had originally been acquired by the Council for housing.  The site was currently empty with associated risk of fly tipping and anti-social behaviour.

After due consideration the disposal was agreed.

Resolved –

(a)  That the Council sale of the site of Former Merry Makers PH, Langley with the bidder named in Appendix 1 to the report be agreed.

(b)  That delegated authority be given to the Executive Director of Regeneration, Housing and Environment, in consultation with the Lead Member for Financial Oversight and Council Assets and the Executive Director of Finance and Commercial, to negotiate the terms of and enter into the contract and any associated documentation in connection with the disposal consistent with the disposal report and Heads of Terms appended at Confidential Appendix 1.