Issue - meetings
Property Sale Report
Meeting: 06/02/2020 - City Growth and Resources Committee (Item 23)
Property Sale Report - Disposal of Ground Leases - RES/20/044
Decision:
(i) to approve the proposal for the Council to sell the sites on the agreed heads of terms to the Council’s tenant; and
(ii) to instruct the Chief Officer – Governance to conclude the appropriate legal agreement incorporating various qualifications as are necessary to protect the Council’s interest.
Minutes:
The Committee had before it a report by the Director of Resources which provided details of an approach made by a company to purchase two commercial sites.
The report recommended:-
that the Committee-
(a) approve the proposal for the Council to sell the sites on the agreed heads of terms to the Council’s tenant; and
(b) instruct the Chief Officer – Governance to conclude the appropriate legal agreement incorporating various qualifications as are necessary to protect the Council’s interest.
The Committee resolved:-
to approve the recommendations.