Decision details
Decision Maker: Deputy Leader of the Council and Economic Growth, Regeneration & Tourism Portfolio Holder
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To agree an offer from the freehold owner of Garage 1 Abdy Avenue, Dovercourt for TDC to acquire back the freehold ownership of this former Council owned garage in exchange for relinquishing the freehold ownership of Council owned housing esate strip of land (formally a footpath and surplus to requirements).
To obtain authority to complete the legal transactions to swap the garage for the strip of land.
Decision:
That the Portfolio Holder for Finance and Corporate Resources approves the principle of and terms for:
(a) purchasing back the freehold of this former Council owned garage; and
(b) disposal of the strip of Council owned housing land surplus to requirements
In direct exchange for each other, with each party bearing their own legal costs, and subject to such other terms considered necessary by the Corporate Director (Corporate Services).
Reasons for the decision:
Portfolio approval in July 2016 provided authority to initiate the process of negotiation of the sales (exchange) in accordance with the Council’s Property Dealing Policy.
This authority seeks authority to complete the transactions.
Alternative options considered:
Not completing the sale transactions.
Publication date: 14/11/2017
Date of decision: 02/10/2017
Effective from: 22/11/2017
Accompanying Documents:
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