Decision details

To consider a report on the proposed disposal of Upton Lodge, 322-326 High Street, Slough as part of the Council’s Asset Disposal Strategy.

(a)  Agreed to the Council sale of the asset referred to in Appendix A and known as Upton Lodge, 2a Yew Tree Road, Slough to the bidder named in Appendix A to the report.

(b)  Delegated authority to the Executive Director of Regeneration, Housing & 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 A to the report.

(c)  Noted that the Cabinet Committee was asked to note the methodology to be adopted (Appendix D to the report) for assessing assets in the Asset Disposal Programme, prior to launching to the market, to determine minimum sales values. This framework provides an objective methodology for evidencing Best Value.