Decision details

Lead Member approval is being sought to formally declare the property to be surplus, and to approve the disposal of the asset. The Lead Member will consider delegation of authority to the Chief Operating Officer to agree detailed terms with the preferred purchaser at a later date.

80.1     The Lead Member considered a report by the Chief Operating Officer.

DECISIONS

80.2     The Lead Member RESOLVED to:

1) Declare Rye Bay Project Office, Rye (the Property) to be surplus to the requirements of the Council;

2) Approve the disposal of the Property in accordance with s123 of the Local Government Act 1972;

3) Delegate authority to the Chief Operating Officer to agree the terms of the sale to achieve best value for the Property in accordance with s123 of the Local Government Act 1972, including proceeding with the next best offer(s) in the event of the transaction(s) not completing within the expected timelines; and

4) Delegate authority to the Chief Operating Officer to take all actions necessary to give effect to the recommendations in the report.

REASONS

80.3     The Council has no ongoing operational use for the Property. The Property is surplus to the Council’s requirements and the disposal of it will reduce revenue liabilities relating to the management and holding costs of this surplus asset, as well as providing the Council with a capital receipt.

80.4     Delegation to the Chief Operating Officer authority to agree the terms of the sale to achieve the best consideration for the Property in accordance with s123 of the Local Government Act 1972, including authority to proceed with the next best offer(s) in the event of the transaction(s) not completing within the expected timelines and to take all actions necessary to give effect to the recommendations in the report will facilitate the effective disposal of the Property