Decision details

To approve the disposal of the former Tokyngton Library site for the sum set out in the confidential report, to a preferred bidder, or depending on the outcome of negotiations proceed to agree a sale with a reserve bid.

There will be an appendix to this report which will not be for publication as it relates to the financial and business affairs of a particular person.

(i)         that approval be given to the disposal of the surplus former Tokyngton Library to the Islamic Cultural Association in accordance with the terms outlined in the Confidential Appendix in particular the financial offer but that if this bid does not proceed to also approve, as a reserve, a disposal to Tokyngton Homes Ltd., again on terms outlined in the Confidential Appendix including the financial offer and that the Director of Regeneration and Major Projects to be authorised to agree the final terms and to complete the disposal to either party;

(ii)        that the Director of Regeneration and Major Projects in consultation with the Director of Legal and Procurement be authorised to appropriate the Tokyngton Library site shown heavily outlined in black on the plan in Appendix 2 (“the Site Plan “) for the planning purposes of facilitating the development or redevelopment of the site pursuant to the provisions of section122 of the Local Government Act 1972;

(iii)       that officers advertise in the local newspaper in accordance with Section 122 of the Local Government Act 1972 the proposed appropriation of public open space shown cross hatched black on the Site Plan Appendix 2 for planning purposes and to proceed with the disposal unless in the opinion of the Assistant Director Property and Asset Management significant objections are received in which case this should be reported back to the Executive for it to consider.