42.1 The Lead Member considered a report by the Chief Operating Officer.
DECISIONS
42.2 The Lead Member RESOLVED to:
1) Declare the Former Sidley Depot, Bexhill-on-Sea shown in Appendix 1 of the report (“the Site”) 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 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
42.3 The Council has no ongoing operational use for the Site. It is therefore surplus to the Council’s requirements. The disposal of the Site 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.