Decision details
Relocation Options for Watford Mencap
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
A paper to discuss the options for the relocation of services of Watford Mencap
Decision:
RESOLVED –
1. that the council seeks to acquire the property up to the approved maximum consideration plus ancillary costs of purchase, capped at the approved sum (subject to survey and valuation).
2. that on completion of the acquisition the council enters into a sub sale to WM with a back to back completion or deferred completion of no more than 3 months from the date of acquisition to WM at the same purchase price as that paid to the vendor. That in the event that Heads of Terms for the onward sale are not agreed with WM before the council is required to exchange contracts with the vendor that the acquisition be reviewed.
3. that a maximum grant (if required) up to the approved level be made to WM to assist them with purchase.
4. that delegated authority to the Interim Head of Regeneration and Property to agree final purchase and onward disposal terms in consultation with the Portfolio Holder for Property prior to exchange of contracts for the acquisition.
Report author: Jay Rao
Publication date: 10/09/2020
Date of decision: 07/09/2020
Decided at meeting: 07/09/2020 - Cabinet
Effective from: 16/09/2020
Accompanying Documents:
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