26 Cherwell District Council - Property Asset Transactions
Cabinet Member: Police & Policies
Forward Plan Ref: 2012/142
Contact: Martin Tugwell, Deputy Director for Environment & Economy – Strategy & Infrastructure Tel: (01865) 815113
Report by Deputy Director for Environment & Economy – Strategy & Infrastructure (CA14).
The information contained in the report and annexes is exempt in that it falls within the following prescribed category:
3 – information relating to the financial or business affairs of any particular person (including the authority holding that information)
It is considered that in this case the public interest in maintaining the exemption outweighs the public interest in disclosing the information, in that such disclosure would distort the proper process of free negotiations between the authority with another party for the purposes described and would prejudice the position of the authority in those negotiations and other negotiations of a similar nature in future.
The report seeks approval for the sale of eight County Council owned properties to Cherwell District Council. The properties would be sold below market value because Cherwell District Council is providing the County Council nomination rights in perpetuity for 22 supported housing units: the revenue savings arising from this arrangement offsetting the shortfall in capital receipts.
Additional documents:
Minutes:
The information contained in the report and annexes is exempt in that it falls within the following prescribed category:
3 – information relating to the financial or business affairs of any particular person (including the authority holding that information)
It is considered that in this case the public interest in maintaining the exemption outweighs the public interest in disclosing the information, in that such disclosure would distort the proper process of free negotiations between the authority with another party for the purposes described and would prejudice the position of the authority in those negotiations and other negotiations of a similar nature in future.
Cabinet considered a report seeking approval for the sale of eight County Council owned properties to Cherwell District Council. The properties would be sold below market value because Cherwell District Council was providing the County Council nomination rights in perpetuity for 22 supported housing units: the revenue savings arising from this arrangement offsetting the shortfall in capital receipts.
Cabinet approved the proposed sale.