Decision details

The Cabinet will be asked to agree arrangements for the proposed disposal of premises at 1, 2, 3 and 7 The Triangle, Tanner Street, Barking.

Cabinet resolved:

(i)  That the Council's freehold interest in 3 and 7, The Triangle, Tanner Street, Barking be offered for sale to the existing tenants in the first instance and, if those negotiations prove unsuccessful, to the units being offered for sale on the open market at the expiry of the current leases;

(ii)  That the Council’s freehold interest in 1 and 2 The Triangle be offered for sale on the open market;

(iii)  To delegate authority to the Chief Executive, in consultation with the Cabinet Member for Finance, the Chief Finance Officer and the Head of Legal and Democratic Services, to negotiate and agree terms in respect of the proposed sale of 3 and 7 The Triangle to the Barking Muslim Social and Cultural Society within the agreed parameters; and

(iv)  To authorise the Head of Legal and Democratic Services, or an authorised delegate on her behalf, to execute all of the legal agreements, contracts and other documents on behalf of the Council.