Content

The Cabinet Member:
 
1.         Formally
declared the asset surplus to operational requirements (in
consultation with he Leader and Deputy Leader).
 
2.         Approved
the sale of The Cottage, Norbury Park, Mickleham RH5 to the party,
at the sale 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 Halsey Garton Residential
Ltd (HGR) which has been agreed by the HGR Board.
 
3.         Noted
HGR will not be seeking any value for their interest from the gross
receipt, as there is no debt aligned to this asset but with both
parties bearing their own costs and appointments of their own
professional team.
 
4.        
Delegated authority to the Section 151 officer in consultation with
the Director of Land and Property to finalise the transaction, and
enter into all associated legal contracts.