Issue - meetings

In accordance with Section 100(B) (4) (b) of the Local Government Act 1972 the Chairman has agreed that, by reason of special circumstances, this report should be considered as matter of urgent business as if a decision is not made at the earliest opportunity the transaction will be put in jeopardy because of related circumstances. 

To consider the report of the Borough Treasurer and Head of Assets.

In accordance with Section 100(B) (4) (b) of the Local Government Act 1972 the Chairman had agreed that, by reason of special circumstances, this report should be considered as matter of urgent business as if a decision was not made at the earliest opportunity the transaction would be put in jeopardy because of related circumstances. 

Consideration was given to the report of the Borough Treasurer and Head of Assets and to a plan referenced A1, dated 22 September 2009, with explanatory notes, which indicated (interalia) the areas of land to be sold and retained. In considering the recommendations contained in the report the Cabinet agreed that recommendation (1) should be clarified to refer to the plan circulated at the meeting, and that (2) should be expanded to include the Portfolio Holder (Procurement, Assets and Shared Services). 

RESOLVED

For the reasons set out in the report and as now given: -

1. That the freehold interest in County Hall, Chester and associated land, in accordance with the plan referenced A1, dated 22 September 2009 and circulated at the meeting, be sold to Chester University upon the terms outlined in Section 11 of the report.

2. That the Borough Treasurer and Head of Assets, the Borough Solicitor and the Portfolio Holder (Procurement, Assets and Shared Services) be given delegated authority to finalise the details of the sale in accordance with the terms and conditions contained in the report.