The Portfolio Holder for Finance and Investment presented a report which sought approval of the disposal of various sites identified as surplus to the Council’s requirements.

The Strategic Head of Property and Commercial explained that their disposal provided an opportunity to obtain capital receipts and to mitigate risks. The Finance & Investment Advisory Committee had considered the same report and had requested that Cabinet reconsider the valuation of Oakhill Road. In response to this, Cabinet indicated that the valuation was considered robust.

Public Sector Equality Duty

Members noted that consideration had been given to impacts under the Public Sector Equality Duty.

Resolved: That

a)      the properties listed in recommendation b) below, be declared as surplus to the Council’s requirements;

b)      the disposal of

·        land at Russett Way, Swanley by auction;

·        land east of 40 Alder Way, Swanley by private treaty;

·        land at Oakhill Road, Sevenoaks by private treaty;

·        land to rear of Sealcroft Cottages, Seal, by private treaty;

be approved; and

c)      delegated authority be granted to the Strategic Head of Property & Commercial in consultation with the Head of Legal and Democratic Services to undertake and to enter into the necessary agreements for the land transactions noted in (b) above.