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The Cabinet Member for Property Waste and
Infrastructure:

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

2.   
Approved the sale of Surrey Cottage, Scotts Grove Road, Chobham, Woking,
Surrey, GU24 8DT to the party, at
the price and subject to the conditions, noted in the part 2
report. The sale was conditional upon the simultaneous surrender of
the headlease held over the asset by HGR which had been agreed by
the HGR Board.

3.   
Approved the HGR premium for the
surrender of its interest from the gross receipt and noted there
was debt aligned to the asset, with both parties bearing their own
costs and appointments of their own professional team.

4.   
Delegated authority to the Deputy Chief
Executive and Executive Director of Resources (s151 Officer) in
consultation with the Director of Land and Property to finalise the
transaction and enter into all associated legal
agreements.