Former Hindsland Playing Fields, Eastbourne Road, Polegate - Disposal of Freehold - Exempt Information
Report by the Chief Operating Officer
Additional documents:
Minutes:
26.1 The Lead Member considered a report by the Chief Operating Officer which provided exempt information in support of an earlier item on the agenda.
DECISIONS
26.2 The Lead Member RESOLVED to:
1) note the exempt information which supports an earlier agenda item;
2) note the terms on offer detailed in the bids received, acknowledging that the terms may change as negotiations are finalised; and
3) note the bids in order of preference, with the preferred bid detailed at Appendix 1 of the report.
REASON
26.3 The report contained exempt information in relation to an earlier item on the agenda.
23 Former Hindsland Playing Fields, Eastbourne Road, Polegate - Disposal of Freehold PDF 213 KB
Report by the Chief Operating Officer
Additional documents:
Minutes:
23.1 The Lead Member considered a report by the Chief Operating Officer together with exempt information contained in a later agenda item, written comments from Local Member Councillor Daniel Shing and written comments from Councillor Stephen Shing.
DECISIONS
23.2 The Lead Member RESOLVED to:
1) re-declare the Former Hindsland Playing Fields, Polegate (“the Site”) shown in Appendix 1 of the report to be surplus to the requirements of the Council;
2) approve the disposal of the Site 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 Site in accordance with s.123 of the Local Government Act 1972, including but not limited to, (i) determining whether to sell the Site as a single plot or two separate plots (being Parcel A and Parcel B) and (ii) proceeding with the next best offer(s) in the event of the sale(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
23.3 The disposal of this site will result in a capital receipt. Capital receipts are an important source of funding, and the Council seeks to maximise the levels of these resources which will be available to support the Council’s capital plans and reduce the need to borrow in accordance with the Council’s Capital Strategy.