Issue - meetings

To seek approval to dispose of the council’s freehold interest in 169 to 172 and 170a St Georges Mansions, Blackfriars Road and Pocock Street Mansions, London SE1

RESOLVED:

1.  That the disposal of the council’s freehold interest in 169 to 172 and 170a St Georges Mansions, Blackfriars Road and Pocock Street Mansions, London SE1 8ER (“the site”) in accordance with the terms and conditions set out in the closed report be authorised.

2.  That the earmarking of the capital receipts for the purposes of the housing investment programme be authorised.

3.  That the head of property be authorised to agree any variations to these terms (within the scope of his delegated authority) that may be necessary to achieve the successful disposal of the site.

4.  That in the unlikely event that the sale to the preferred bidder does not proceed to exchange, the head of property be authorised to agree the terms of a sale with any one or combination of the under bidders set out in the closed report and/or any other third party, provided that these terms conform with the council’s legal obligation to achieve the best consideration reasonably obtainable.