Content

The Cabinet
Member:
 

1.   
Formally declared the asset surplus to
operational requirements in consultation with The Leader and Deputy
Leader.
 

2.   
Approved the sale in conjunction with the
Leader of 38 Telegraph Track, Carshalton, SM5 4AZ. to the party, at
the price and subject to the conditions, noted in the part 2
report. The sale is conditional upon the simultaneous surrender of
the headlease held over the asset by HGR which has been agreed by
the HGR Board.
 

3.   
Approved in consultation with the Leader
the acquisition of the leasehold interest held by HGR over the
property at the premium noted in the part 2 report. The premium for
the surrender of HGR’s interest is payable by the Council
from the gross receipt and it is noted as a debt aligned to this
asset, with both parties bearing their own costs and appointments
of their own professional team.
 

4.   
Delegated authority to the Executive
Director for Environment, Property, and Growth in consultation with
the Director of Land and Property to finalise the transaction and
enter into all associated legal agreements.