Issue - meetings

RESOLVED:

1. Approve the disposal of the freehold interest in South Shore Caravan Park and Vegas Caravan Park, Hunstanton as set out in this report.

2. Delegate authority to the Assistant Director for Property, in consultation with the Cabinet Portfolio Holder for Business, to finalise the terms of the disposal, including any non-material amendments.

REASON FOR DECISION:

To enable the Council to realise a capital receipt from the disposal of non-core assets and support the delivery of the Council’s Capital Programme.

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Councillor Ring introduced the report which proposed the disposal of the freehold interest in South Shore Caravan Park and Vegas Caravan Park, Hunstanton and was in accordance with the Council’s Disposal Policy.

The Assistant Director, Property and Projects explained that the site had been identified for disposal under the Capital Strategy and due diligence had been carried out on the preferred buyer. 

In response to a question from Councillor Lintern it was explained that the sites were holiday sites and there were no permanent residents.

Councillor Morley commented that this was a good financial deal and had been identified for disposal in the Capital Strategy.

RESOLVED:

1. Approve the disposal of the freehold interest in South Shore Caravan Park and Vegas Caravan Park, Hunstanton as set out in this report.

2. Delegate authority to the Assistant Director for Property, in consultation with the Cabinet Portfolio Holder for Business, to finalise the terms of the disposal, including any non-material amendments.

REASON FOR DECISION:

To enable the Council to realise a capital receipt from the disposal of non-core assets and support the delivery of the Council’s Capital Programme.