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RESOLVED that Cabinet
–
 

(a)   after
assessing the various options set against the current associated
on-going costs and in the context of obtaining the best
consideration reasonably possible, determines that the vacant
Weeley Office site is no longer required for planning purposes to
deliver Council Housing and approves its freehold disposal;

 

(b)    
subject to resolution (a) such disposal to take a
phased approach as set out:
 

(i)    sell the site
via auction with a reserve price reflecting current market
conditions;

(ii)   If during the
period the property is being advertised for auction, an offer is
received which meets the Council’s requirements as set within
resolution (c) below, the Leader of the Council and the Portfolio
Holder for Assets and Community Safety can determine whether or not to proceed with the auction;

(iii)  subject to (i)
above, in the event that the reserve
price is not met and/or best consideration cannot be reasonably
demonstrated, agrees to market the site via an open market tender;
and

(iv)  subject to (i),
(ii) and (iii) above, if best consideration obtainable cannot be
reasonably be demonstrated via the above two options, then a
further report be presented to Cabinet that explores / revisits
potential alternative options.
 

(c)  subject to (a)
agrees that the necessary decisions required through the phased
approach be taken by the Leader of the Council and Portfolio Holder
for Assets and Community Safety, following receipt of professional
valuation advice, and in consultation with the Section 151 Officer
and the Monitoring Officer.
 

(d)   delegates authority
to the Portfolio Holder for Assets and Community Safety, in
consultation with the Leader of the Council, the Section 151
Officer and the Monitoring Officer to withdraw the property from
auction and agree an alternative disposal and enable necessary
consents to be obtained and legal agreements completed in the
circumstances that an alternative proposal is received the meets
the following criteria:
 

(i)    The
financial benefit to the Council is more than could be reasonably
anticipated at auction;

(ii)   The financial
benefit to the Council demonstrates best value for the site;
and

(iii)  The proposer
agrees and signs a legally binding agreement prior to the date of
the auction.