Issue - meetings

Committee is asked to:

a)    Approve the freehold disposal of Plots 12 & 13 adj Revelstoke, Shepperton Towpath, Shepperton for a price of £350,000 to Bidder A referred to in Appendix 2.

b)    Delegate authority to the Group Head of Corporate Governance to enter into transfers to complete the disposals and any ancillary legal documentation required in relation to Plots 12 and 13 adjoining Revelstoke, Shepperton Towpath, Shepperton showed edged red on plan in Appendix 1.

The Committee resolved to:

a)    Approve the freehold disposal of Plots 12 & 13 adj Revelstoke, Shepperton Towpath, Shepperton for a price of £350,000 to Bidder A referred to in Appendix 2;

b)    Delegate authority to the Group Head of Corporate Governance to enter into transfers to complete the disposals and any ancillary legal documentation required in relation to Plots 12 and 13 adjoining Revelstoke, Shepperton Towpath, Shepperton shown edged red on plan in Appendix 1.

It was proposed by Councillor Bateson, seconded by Councillor Gibson and resolved to exclude the public and press for the discussion of this agenda item in accordance with Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended) as it was likely to disclose information relating to the financial or business affairs of any particular person (including the authority holding that information) and in all 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.

The Committee considered a disposal for vacant land adjacent to Revelstoke, Shepperton Towpath.

The Principal Asset Manager provided the history of the site and summarised the offers received after six weeks of marketing.

The Committee acknowledged previous plans for the site had not materialised and the land was surplus to the Council’s requirements. The recommended offer would contribute to supporting the Council’s financial resilience and debt reduction initiative.

The Committee resolved to:

a)    Approve the freehold disposal of Plots 12 & 13 adj Revelstoke, Shepperton Towpath, Shepperton for a price of £350,000 to Bidder A referred to in Appendix 2;

b)    Delegate authority to the Group Head of Corporate Governance to enter into transfers to complete the disposals and any ancillary legal documentation required in relation to Plots 12 and 13 adjoining Revelstoke, Shepperton Towpath, Shepperton shown edged red on plan in Appendix 1.

In accordance with Standing Order 21.6, Councillors Clarke and Boughtflower requested their abstention from the vote be recorded.