Investment Properties Disposal

May 8, 2024 Property and Investments Executive Sub-Committee (Committee) Approved View on council website
Full council record
Content

Having been duly proposed and
seconded, the Sub-Committee RESOLVED to approve the
following:-

a)   
The case for applying exempt information provision
as set out in the Local Government Act 1972, Schedule 12A and
therefore treated the attached confidential Appendix in confidence,
as it contained commercially sensitive information, and as the case
for the public interest in maintaining the exemption outweighed the
public interest in disclosing that information.

b)   
To consider passing a resolution under Schedule 12A
of the Local Government Act 1972 to exclude the press and public
from the meeting, on the basis that if they were present during the
business to be transacted there would be a likelihood of disclosure
of exempt information, within the meaning of Schedule 12A to the
Local Government Act 1972: Reason: Information relating to the
financial or business affairs of any particular person (including
the authority holding that information).

c)    
To approve the recommendations set out in the
confidential Appendix A.

d)   
To delegate authority to make all necessary
arrangements and agreements to conclude the sales by the 31 March
2025 to the Service Director for Strategic Assets Management in
consultation with the Lead Member for Economic Development,
Planning and Assets.

Supporting Documents

General Exception Notice.pdf
Decision Report on investment property sales.pdf

Details

OutcomeRecommendations Approved
Decision date8 May 2024