Decision details

The Executive Meeting considered a bid received to purchase the Belmont Court Care Home, formerly leased by the Council to Boroughcare and has agreed that

(i)            the disposal of the site of the Belmont Court Care Home on the terms detailed in the report and exempt appendix be approved;

(ii)          the agreement of the proportion of the proceeds to be shared with Boroughcare from the sale of Belmont Court in line with the Executive report of 27 February 2012 be delegated to the Corporate Director for Corporate and Support Services;

(iii)         in the event that investigations should reveal matters which justify a reduction in the purchase price of the building or that a further offer in excess of that detailed in the exempt appendix is receive before exchange of contracts, any subsequent negotiations be delegated to the Corporate Director for Corporate and Support Services to agree.

(Note: the report included exempt information ‘Not for Publication’ contained in its appendix that was circulated to executive councillors only)

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