Issue - meetings

This report sets out proposals for the disposal of the freehold of land within the Council’s ownership at Drury Way, Neasden, NW10 0TZ. 

(i)         that approve be given to the disposal the freehold interest in the land at Drury Way, Neasden, as marked on the attached plan, on a subject to survey basis to the Wallace School of Transport Ltd for a capital receipt upon the grant of planning consent;

(ii)        that, as a reserve, subject to satisfactory resolution of matters highlighted in the confidential appendix B, in the event that the above offer does not proceed satisfactorily that the alternative two offers as set out in the confidential appendix B paragraph 15 also be approved;

(iii)       that the Operational Director Property and Projects be authorised to agree the terms of the transaction in consultation with the Chief Finance Officer.

The report from the Director of Regeneration and Grown set out proposals for the disposal of the freehold of land within the council’s ownership at Drury Lane, Neasden. 

The Executive also had before them an appendix to the report which was not for publication as it contained the following category of exempt information as specified in Schedule 12 of the Local Government (Access to Information Act) 1972: 

Information relating to the financial or business affairs of any particular person (including the authority holding that information).

The Director in introducing the report advised that at this stage the preferred bidder was Wallace School of Transport which was Brent based. The Director of Legal and Procurement outlined the bidding process and referred members to the appendix to the report, which was not for publication, which set out the commercial aspects and the Chief Finance Officer concurred that ‘best value’ had been the key consideration.

RESOLVED:

(i)         that approve be given to the disposal the freehold interest in the land at Drury Way, Neasden, as marked on the attached plan, on a subject to survey basis to the Wallace School of Transport Ltd for a capital receipt upon the grant of planning consent;

(ii)        that, as a reserve, subject to satisfactory resolution of matters highlighted in the confidential appendix B of the report from the Strategic Director of Regeneration and Growth, in the event that the above offer does not proceed satisfactorily that the alternative two offers as set out in the confidential appendix B paragraph 15 also be approved;

(iii)       that the Operational Director Property and Projects be authorised to agree the terms of the transaction in consultation with the Chief Finance Officer.