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RESOLVED:
 

1.   
That Cabinet approves the sale of Ranger House to
Surrey Property Group (previously known as Halsey Garton Property
Investment Ltd (HGPI) [Exempt Minute E-05-25], in accordance with
the red book valuation dated 29 January 2025 and delegated
authority to be given to the s.151 Officer to agree that
amount.

2.   
That Cabinet approves the provision of a loan
[Exempt Minute E-05-25] by the Council to Surrey Property Group
(SPG), secured against the Ranger House property, to partly fund
SPG’s purchase and redevelopment of the property. Delegated
authority to be given to the s.151 Officer to agree the loan
details.
 

3.   
That Cabinet gives the SPG Board delegated authority
to proceed with required refurbishment works [Exempt Minute
E-05-25], to provide suitable accommodation to lease out to third
parties for the purposes of maximising income for revenue
generation purposes  and maximising
capital value of the asset once it is fully let.

4.   
That Cabinet notes that all of the above are subject
to separate agreement by SPG Board in accordance with its own
governance.
Reasons for Decisions:
 
Exempt Minute
E-05-25.
 
(The
decisions on this item can be called-in by the Resources and
Performance Select Committee)