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Please reply to: |
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Contact: |
Christeen Abee |
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Service: |
Committee Services |
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Direct Line: |
01784 446224 |
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E-mail: |
c.abee@spelthorne.gov.uk |
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Date: |
16 January 2026 |
Notice of meeting
Commercial Assets Sub-Committee
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Date:
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Monday, 26 January 2026 |
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Time:
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1.30 pm |
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Place:
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Council Chamber, Knowle Green, Staines-upon-Thames TW18 1XB |
To the members of the Commercial Assets Sub-Committee
Councillors:
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S.N. Beatty R. Chandler
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L. E. Nichols D. Saliagopoulos
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H.R.D. Williams Bunney
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Substitute Members: Councillors |
T. Burrell, M. Gibson and M.M. Attewell |
Councillors are reminded that the Gifts and Hospitality Declaration book will be available outside the meeting room for you to record any gifts or hospitality offered to you since the last Committee meeting.
Agenda
Page nos.
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1. |
Apologies for absence & substitutions
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To receive any apologies for non-attendance and details of Member substitutions.
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2. |
Minutes
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5 - 22 |
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To confirm as a correct record the minutes of the meetings held on 11 November 2025 and 15 December 2025.
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3. |
Disclosure of Interest
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To receive any disclosures of interest from members in accordance with the Members’ Code of Conduct.
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4. |
Questions from members of the Public
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The Chair, or his nominee, to answer any questions raised by members of the public in accordance with Standing Order 40.
At the time of publication of this agenda no questions were received.
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5. |
Urgent Actions
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To consider any urgent action that have arisen since last meeting.
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6. |
Forward Plan
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23 - 24 |
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To note the Forward Plan for future Commercial Assets Sub-Committee business.
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7. |
Exclusion of Public and Press (Exempt Business)
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To move the exclusion of the Press/Public for the following items, in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006.
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8. |
Disposal of A Commercial Office Asset
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25 - 154 |
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Committee is asked to: 1. Approve the offer and the proposed disposal in principle and recommend that the Corporate Policy and Resources Committee support the disposal of this commercial asset, prior to recommending for approval by Full Council. 2. Delegate authority to the Chief Financial Officer and Group Head of Assets, in consultation with the Chair and Vice-Chair of the Corporate Policy and Resources Committee and the Chair and Vice-Chair of the Commercial Assets Sub-Committee to agree the sale of the property at the agreed price or negotiate a sale price within a tolerance of 10% of the value and agree any variations to the Heads of Terms. 3. Delegate authority to Group Head of Corporate Governance to enter into a transfer to complete the disposal and any ancillary legal documentation required in relation to the proposed disposal.
The Appendices of this report contain exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to Information) (Variation) Order 2006 Paragraph 3 – Information relating to the financial or business affairs of any particular person (including the authority holding that information) and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information because, disclosure to the public would prejudice the financial position of the authority in any contract or other type of negotiation with a prospective purchaser who could then know the position of the Council.
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9. |
Commercial Portfolio Update
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To Follow |
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To receive an update on properties within the Commercial portfolio.
This update contains exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to Information) (Variation) Order 2006 Paragraph 3 – Information relating to the financial or business affairs of any particular person (including the authority holding that information) and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information because, disclosure to the public would prejudice the financial position of the authority in any contract or other type of negotiation with a prospective purchaser who could then know the position of the Council.
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