Decision details

To approve terms for the disposal of the Rotherhithe Library

RESOLVED:

1.  That the disposal of the Rotherhithe Library and Civic Centre (“the property”), shown edged in bold at Appendix 1 of the report be agreed to Canada Quays Limited on the principal terms set out in the report on the closed agenda for this meeting.

2.  That the head of property be authorised to agree any variations to those terms that may be necessary to achieve the disposal of the property and in the event of further negotiations and securing full planning consent by the selected bidder.

3.  That in the event the sale to Canada Quays Limited does not proceed to completion, the head of property be authorised to agree terms for a sale to any one of the recommended under bidders, provided that these terms conform to the council’s legal obligation to achieve the best consideration reasonably obtainable.