Issue - meetings

Council is asked to:

1.    Approve the disposal terms as set out in this report (summarised in Appendix 4),

2.    Delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice-Chair of the Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and

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.

Council considered a report that sought approval for the proposed disposal of Elmbrook House and 17 Station Road, Sunbury.

A recorded vote was requested:

Council resolved to:

1.    Approve the proposed disposal on the terms set out in the report,

2.    Delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice-Chair of the Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and

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.

The meeting closed at 21.52

The Committee is asked to:

1.    Consider the proposed disposal terms as set out in this report (Exempt Appendix 4); and

2.    Recommend that the Council:

2.1  approve the disposal 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 the 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.

The Committee resolved to:

1.    Approve the proposed disposal terms as set out in the report,

2.    Delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice-Chair of the Corporate Policy and Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and

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.

The Committee considered a report that sought a recommendation to Council to approve the proposed disposal of Elmbrook House and 17 Station Road, Sunbury.

Concerns were raised about the legacy debt that Spelthorne Borough Council would pass to the West Surrey Authority (WSA) and whether the Leader of the WSA had been approached to gauge their opinion on the Council’s rationalisation programme and, in particular, the need for any further asset disposals. Members were advised that the Mid Term Financial Plan for WSA would need to be completed and that it would be based on the assumption that Spelthorne BC would be reducing their outstanding debt. The Chief Executive was asked to write to the Acting Head of Paid Services at West Surrey to ask for their comments on any future asset disposals.

A recorded vote was requested.

The Committee resolved to consider the proposed disposal terms as set out in the report and to make a recommendation to Council:

1.    To approve the disposal terms set out in the report,

2.    To delegate authority to the Chief Finance Officer and Group Head of Assets, in consultation with the Chair and Vice-Chair of the Corporate Policy & Resources Committee to agree minor variations to the Heads of Terms and adjustments to the sale price; and

3.    To 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.