EXEMPT - SALE OF LAND - SOUTHEND ROAD, HUNSTANTON
Additional documents:
Decision:
RESOLVED: The disposal of this land asset delineated on the Site Plan attached to this report and known as Seagate East Car Park, Southend Road, Hunstanton is progressed in accordance with the Disposal Terms set out within this report subject to the Assistant Director for Property and Projects being authorised to negotiate non-material changes to the Disposal Terms where necessary.
REASON FOR DECISION: The proposal set out within this report will facilitate the disposal of the asset to deliver a Capital Receipt.
Minutes:
Portfolio Holder, Councillor Ring introduced the report.
The Assistant Director Property & Projects provided further detail on the report.
The Chair invited Councillor Parish, under Standing Order 34 to comment on this item.
The Chair invited questions and comments from Cabinet Members which Officers responded to.
Cabinet Members considered the recommendations made by the Regeneration and Development Panel however did not agree to ringfence the Capital Receipts from this sale of land to be reinvested into Hunstanton.
In addition, it was discussed that the Portfolio Holder for Open Spaces and Parking would investigate Hunstanton Car Parking, and this was to be brought forward to a Panel to be scrutinised.
RESOLVED: The disposal of this land asset delineated on the Site Plan attached to this report and known as Seagate East Car Park, Southend Road, Hunstanton is progressed in accordance with the Disposal Terms set out within this report subject to the Assistant Director for Property and Projects being authorised to negotiate non-material changes to the Disposal Terms where necessary.
REASON FOR DECISION: The proposal set out within this report will facilitate the disposal of the asset to deliver a Capital Receipt.