Issue - meetings

This report outlines the progress made on the Council’s 2025-2027 property related Strategic Priority 3 and recommends the sale of 70 East Street.

In the opinion of the Chief Executive and in accordance with the Paragraph 14.2 of Annex 4.6 of the Operating Framework (Overview, Audit and Scrutiny) the decision on this item is considered to be urgent and is not subject to call-in.

Following consideration, the Committee unanimously resolved to:

(1)        Agree the sale of 70 East Street to the highest unconditional offer as recommended in the Exempt Appendix 1 to the report.

(2)        Agree the sale of 70 East Street to the second  highest unconditional offer in the Exempt Appendix should the sale be unable to be finalised with the highest unconditional offer.

(3)        Nominate and authorise the Director of Environment, Housing and Regeneration, Director of Corporate Services and the Head of Property & Regeneration to take all necessary actions further to the above decision being made, as is necessary and appropriate, to progress the sale to completion. 

The Committee received a report outlining the progress made on the Council’s 2025-2027 property related Strategic Priority 3 and recommending the sale of 70 East Street.

The following matters were considered:

a)              Restricted Appendix 2. In response to comments from a Member and a Councillor in attendance at the meeting the Chair informed the Committee that access to restricted appendix 1 of the report had been provided to voting members of the Committee only, following a recent incident of restricted information being leaked.

b)              Additional recommendation. Councillor James Lawrence proposed and Councillor Kate Chinn seconded an amendment to add the following recommendation:

“Agree the sale of 70 East Street to the second  highest unconditional offer in the  Exempt Appendix should the sale be unable to be finalised with the highest unconditional offer.”

The Committee unanimously agreed this amendment.

Following consideration, the Committee unanimously resolved to:

(1)        Agree the sale of 70 East Street to the highest unconditional offer as recommended in the Exempt Appendix 1 to the report.

(2)        Agree the sale of 70 East Street to the second  highest unconditional offer in the Exempt Appendix should the sale be unable to be finalised with the highest unconditional offer.

(3)        Nominate and authorise the Director of Environment, Housing and Regeneration, Director of Corporate Services and the Head of Property & Regeneration to take all necessary actions further to the above decision being made, as is necessary and appropriate, to progress the sale to completion.