Following consideration, the committee resolved with 5 votes for, 3 votes against and 1 abstention to:
(1) Note the update and progress made as set out in this report.
(2) Approve a budget of up to £100,000 to cover the cost of a Best Value Assessment, to be funded from the Corporate Projects Reserve.
(3) Nominate and authorise the Director of Environment, Housing & Regeneration and Head of Property & Regeneration, in consultation with the Chief Finance Officer and Chief Legal Officer, to take all necessary actions further to the above decisions being made that commit resources, as is necessary and appropriate.
(4) Note a report will be brought back to Committee at the earliest opportunity following completion of the work.
(5) Recommend to East Surrey Shadow Authority that they approve a budget of up to £100,000 to cover the cost of a Best Value Assessment.