Decision details

With reference to article 14 of the minute of meeting of Council of 5 March 2018, the Committee had before it a report by the Director of Resources which provided details of the outcome of the marketing of the former Victoria Road School site, Victoria Road, Torry.

The report recommended:-

that the Committee –

(a)       accept the offer as set out in paragraph 3.5 of the report, subject to agreement over the date of entry and safeguards to protect the Council’s interest; and

(b)       instruct the Chief Officer – Governance to conclude missives for the sale of the property incorporating various qualifications as are necessary to protect the Council’s interest, together with any other matters as are required to complete the sale of the site.

The Committee resolved:-

(i)        to approve recommendation (a) above;

(ii)       instruct the Chief Officer – Governance to conclude missives for the sale of the property incorporating various qualifications as are necessary to protect the Council’s interest, together with any other matters as are required to complete the sale of the site.  The missives will specify that the purchaser will be responsible for the total cost of obtaining a Defective Title Indemnity Policy (in the event that such a policy is required by the purchaser) to cover the risk of a title challenge as identified in paragraph 4.2 of the report;

(iii)      note that officers have determined that:-

(1)       the sale complies with the terms of the Disposal of Land by Local Authorities (Scotland) Regulations 2010 which set out circumstances where the Council may dispose of land for a consideration less than the best that can reasonably be obtained; and

(2)        the redevelopment of the asset will contribute to the economic development of the wider area and there are clear regeneration outcomes in bringing the property back into economic use; and

(iv)      to agree that the sale will be detailed in a Council press statement but that no financial details will be released.