Issue - meetings

This report seeks Executive approval to proceed with the disposal of the Council’s long leasehold interest in the dilapidated and vacant residential housing revenue account dwelling at 45a Milman Road, London NW6 6EG.

(i)         that approval be given to the disposal of the council’s long leasehold interest of the subject property on the open market for a capital receipt;

(ii)        that approval be given to the Assistant Director of Regeneration and Major Projects (Property and Asset Management) to agree the terms of the disposal, and to agree and approve any offers received in conjunction with the Director of Finance and Corporate Services;

(iii)       that approve the Assistant Director of Regeneration and Major Projects (Property and Asset Management) to agree the most appropriate disposal route, which may include disposal to a special purchaser by private treaty (providing the price finally agreed is at least equal to the best price achievable on the open market) and to instruct the legal department in the matter of the disposal.

Councillor Crane (Lead Member, Regeneration and Major Projects) introduced the report that sought approval to proceed with the disposal of the Council’s long leasehold interest in the dilapidated and vacant residential housing revenue account dwelling at 45a Milman Road, NW6.

The Executive also had before them an appendix to the report which was not for publication as it contained the following category of exempt information as specified in Schedule 12 of the Local Government (Access to Information Act) 1972: 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

RESOLVED:-

(i)         that approval be given to the disposal of the Council’s long leasehold interest of the subject property on the open market for a capital receipt;

(ii)        that the Assistant Director of Regeneration and Major Projects (Property and Asset Management) be authorised to agree the terms of the disposal, and to agree and approve any offers received in conjunction with the Director of Finance and Corporate Services;

(iii)       that the Assistant Director of Regeneration and Major Projects (Property and Asset Management) agree the most appropriate disposal route, which may include disposal to a special purchaser by private treaty (providing the price finally agreed is at least equal to the best price achievable on the open market) and to instruct the legal department in the matter of the disposal.