Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet will be asked to approve the disposal of the Council’s freehold interest in 89 Axe Street, Barking, following a competitive marketing exercise.
Further to Minute 131 (16 April 2013), the Leader introduced the report and advised that negotiations had taken place with the preferred bidder in respect of a restrictive covenant against the future development of the site.
Cabinet resolved:
(i) To approve the disposal of the site at 89 Axe Street, Barking, as shown hatched on the plan at Appendix 1 to the report, to Elim Trust Corporation in the sum of £275,000 on the terms set out in the report; and
(ii) To agree that the property be sold with the Council having the benefit of an in perpetuity restrictive covenant against future development.
Report author: Jonathan Bunt
Publication date: 03/07/2013
Date of decision: 25/06/2013
Decided at meeting: 25/06/2013 - Cabinet
Effective from: 04/07/2013
Accompanying Documents: