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.
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.
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.