Executive Decisions by Individuals Minutes

Date:
Monday, 15th February, 2016
Time:
10.00 a.m.
Place:
Executive Meeting Room, Town Hall, Reigate
 

Attendance Details

Present:
Kathy O'Leary, Deputy Chief Executive.
Also Present:
Councillors V.W. Broad (Leader of the Council); M. Blacker, Mrs N.J. Bramhall, A.J. Kay and T. Schofield.
Min NoDescriptionResolution
Part I
1 APOLOGIES FOR ABSENCE

None.

2 DECLARATIONS OF INTEREST

None.

3 ACQUISITION OF THE LONG LEASEHOLD INTEREST OF UNIT 1 PITWOOD PARK, WATERFIELD, TADWORTH

RECOMMENDATION:
That funding is made available in the Capital Programme for the acquisition, subject to full Council approval.
 

RESOLVED that the Head of Property be authorised, in consultation with the Leader, Deputy Leader, Portfolio Holders for Property and Finance to acquire the long leasehold interest in the property for the purchase price as set out in the exempt information in part 2 of the agenda.


Reasons for decision:
The Council already owns the freehold of the site and has the opportunity to acquire the long leasehold interest. The strategic reasons for the acquisition were set out in the exempt information in Part 2 of the agenda.


Alternative options:
The following alternative option was considered and rejected:
Take no action to secure the leasehold interest and continue to receive the ground rent income of £60,000 per annum.

Urgency Reasons for not providing 28 Days Notice of a Key Decision

The reasons for urgency in this case were that the Council risked losing the opportunity to purchase the leasehold interest if it did not make a decision by Monday 15th February 2016 at the latest.
In the circumstances the Officer Key Decision was proposed to consider this matter urgently so that consideration could be given to the proposed purchase by the deadline of 15 February 2016.
A delay of this matter to include the full 28 Day Notice period would not allow the purchase timetable to be adhered to and the opportunity would be lost.
 

4 EXEMPT BUSINESS

RESOLVED that members of the Press and public be excluded from the meeting for the following items of business under Section 100A(4) of the Local Government Act 1972 on the grounds that:
(i) it involves the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Act; and
(ii) the public interest in maintaining the exemption outweighs the public interest in disclosing the information.
 
 

Part II(Confidential)
5 ACQUISITION OF THE LONG LEASEHOLD INTEREST OF UNIT 1 PITWOOD PARK, WATERFIELD, TADWORTH
  • Unit 1 Pitwood Park, Tadworth - acquisition (161K/bytes)

RESOLVED that the financial information in relation to the proposals to acquire the long leasehold interest in Unit 1, Pitwood Park, Tadworth be noted.

The meeting closed at 10.10 am.