Issue - meetings
Disposal of Commercial Asset A
Meeting: 29/07/2026 - Corporate Policy and Resources Committee (Item 81)
81 Disposal of Commercial Asset A 
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Committee is asked to:
1. Consider and agree in principle the offer and the proposed disposal and
2. Recommend that the Council:
2.1 approve the proposed disposal on the terms set out in this report,
2.2 delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice Chair of Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and
2.3 delegate authority to the 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.
Additional documents:
- Disposal of Commerciial Asset A - Part 2 report , View reasons restricted (81/2)
- Appendix 1 - Commercial Asset A - Agreed HoTs , View reasons restricted (81/3)
- Appendix 2 - Commercial Asset A - Sales Process , View reasons restricted (81/4)
- Appendix 3 - Commercial Asset A - Financial Implications , View reasons restricted (81/5)
Decision:
Committee resolved to:
1. Agree in principle the offer and the proposed disposal,
2. Recommend that the Council:
2.1 approve the proposed disposal on the terms set out in this report,
2.2 delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice Chair of Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and
2.3 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.
Minutes:
The Committee considered a report that sought a recommendation for Council to approve the disposal of the Summit Centre on the terms set out in the report.
A recorded vote was requested.
|
For |
Councillors Neall, Bateson, Attewell, Burrell, Button, S Doran, Gyawali, Nichols, Sexton, Williams – 10 votes |
|
Against |
Councillors Buck, Clarke, Howkins, Lee, Saliagopoulos – 5 votes |
|
Abstain |
0 votes |
Committee resolved to:
1. Agree in principle the offer and the proposed disposal,
2. Recommend that the Council:
2.1 approve the proposed disposal on the terms set out in this report,
2.2 delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice Chair of Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and
2.3 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.