Decision details

Decision:

That having had due regard to the first stage Integrated Impact Assessment:

·        That the Head of Property and Regeneration be authorised to engage exclusively with the highest bidder for a period of six months. That a further report be made to Members setting out any changes (if any) to the original bid.

·        That if the updated bid is lower than what the Head of Property & Regeneration is prepared to recommend to Board or becomes lower than the second highest bidder, then the Head of Property & Regeneration negotiate with the second, third and fourth highest bidders to obtain final offers to present to Board.

Reason for Decision:

The disposal of the property will bring forward a much needed residential development and will provide the Council with a capital receipt and remove any future maintenance responsibility.

Implementation of Decision:

The decision will be implemented after the three day call in period, which ended at 9am, Tuesday 23 April 2024.