Issue - items at meetings - Patcham Place - Disposal Update - Exempt Category 3

Report of the Strategic Director: Resources (circulated to Members only).

176.1    Councillor J. Kitcat informed the Cabinet that three tenders had been received and that a preferred bidder had been accepted.

176.2    RESOLVED:

(1)         That the disposal of Patcham Place and stables as detailed in the report be approved, with the net capital receipt to be used to support the council’s corporate accommodation strategy – Workstyles transformation project and capital programme;

(2)         That should the preferred bidder withdraw, the Strategic Director Resources be authorised to continue with the disposal to a reserve bidder or to remarket the property as appropriate.