Property Asset Strategy and Asset Disposals Update

June 29, 2023 Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

Kingston upon Thames Council's Executive Director of Place, in consultation with the Portfolio Holder for Assets, Commissioning & Waste, was delegated authority to dispose of two properties, finalise terms for a land swap at Ashdown Road Car Park, and vary a contract for the disposal of Canbury Place Car Park. These recommendations were approved on 29/06/2023. The decision includes obtaining best consideration, agreeing to provisional terms for the land swap, and setting a minimum price for the Canbury Place Car Park disposal.

Full council record

Decision

RESOLVED that:

1)    Authority be delegated to the Executive Director of Place, in consultation with the Portfolio Holder for Assets, Commissioning & Waste to dispose of the two properties identified in Annex 1 on such terms and through such routes that the Executive Director, following consultation with the Portfolio Holder, deems appropriate and in accordance with the relevant statutory requirements including the need to obtain best consideration and in accordance with this report;

2)    Authority be delegated to the Executive Director of Place, in consultation with the Portfolio Holder for Assets, Commissioning & Waste to finalise terms and enter into agreement to complete a land swap with the adjoining owner at Ashdown Road Car Park based on the provisional terms or other such terms Exempt Annex 2 in the best interests of the Council;

3)    Authority be delegated to the Executive Director of Place, in consultation with the Portfolio Holder for Assets, Commissioning & Waste to vary the current contract to enable the Council to proceed with and complete the disposal of Canbury Place Car Park, and adjacent road, at a price not less than the revised price specified in Exempt Annex 3 and otherwise in accordance with the provisional terms set out in the same or such other terms (save as to price as above) which are in the best interests of the Council.

Supporting Documents

Asset Disposal Pipeline Report - June 2023.pdf
Annex 1 - Asset Disposal Pipeline - Options for Consideration June 2023.pdf

Details

OutcomeRecommendations Approved
Decision date29 Jun 2023
Effective from14 Jul 2023
Subject to call-inYes