Decision details

The Cabinet will be provided with an update on the progress of the land disposals agreed at the meeting on 27 January 2015 and asked to agree the detail of further sites to be investigated for future disposal.

Cabinet resolved to:

(i)  Approve the alternative disposal route in respect of the Council’s freehold interest in 64 - 68 Church Street, Dagenham by making an offer to acquire the adjoining site, subject to a formal valuation and on terms outlined in the report;

(ii)  Approve the disposal of the Council’s interest in the former Ship and Anchor Public House site to the preferred bidder, Lindhill, on terms outlined in the report;

(iii)  Approve the acquisition of an industrial site within the Barking Riverside Gateway Housing Zone, as shown edged red in the plan at Appendix 3 and on the terms set out in Appendix 4 to the report, in order to contribute to the wider regeneration of the Riverside area;

(iv)  Delegate authority to the Strategic Director of Finance and Investment, in consultation with the Cabinet Member for Finance, Growth and Investment and the Director of Law and Governance, to negotiate terms and agree the contract documents to fully implement and effect the transactions relating to the above sites; and

(v)  Authorise the Director of Law and Governance, or an authorised delegate on her behalf, to execute all of the legal agreements, contracts and other documents on behalf of the Council.