Issue - meetings

To consider a report of the Executive Councillor (Corporate, Customer & Community Services)

(Note: this report contains information that is ‘not for publication’ contained in its appendix that has been circulated to executive councillors only)

Hygarth House has been declared surplus following its vacation by Council services. Offers have been received from two parties and it is proposed to proceed with the party identified as B in the exempt appendix attached to this report.  The property has been marketed for a considerate period of time and the offer submitted is considered acceptable in the light of the current market conditions.

The Executive is requested to approve the sale of the building for the proposed uses specified in the report and to delegate any adjustment in the purchase price to the Corporate Director Corporate and Support Services. 

Officer contact: Murray Carr, 0161 474 3649, murray.carr@stockport.gov.uk

The Executive Councillor (Corporate, Customer & Community Services) submitted a report (copies of which had been circulated) inviting the Executive Meeting to consider a proposal to dispose of Hygarth House, which had been declared surplus following its vacation by Council services. Offers have been received from two parties and it was proposed to proceed with the party identified as B in the exempt appendix.  The property has been marketed for a considerate period of time and the offer submitted was considered acceptable in the light of the current market conditions.

(Note: the report contained information that was ‘not for publication’ in its appendix that had been circulated to executive councillors only)

RESOLVED – (1) That, in accordance with best consideration obligations, approval be given to the sale of Hygarth House, Wellington Road, Stockport to the bidder referred to as Party B in the exempt appendix, for mixed residential/ retail uses.

(2) That, in the event that the preferred bidder fails to complete the purchase of the building the Corporate Director for Corporate and Support Services, in consultation with the Executive Councillor (Corporate, Customer & Community Services) be authorised to secure a sale to another party in order to obtain the best possible capital receipt.

(3) That, should investigations reveal matters which justify a reduction in the purchase price of the building, that any subsequent negotiations be delegated to the Corporate Director for Corporate and Support Services, in consultation with the Executive Councillor (Corporate, Customer & Community Services).

To consider a report of the Corporate Director, Corporate and Support Services.

The report invites the Scrutiny Committee to comment upon the proposal to be submitted to the Executive on 16 July 2013.

The Executive will consider the sale of Hygarth House at its meeting on 18 July 2013 and be requested to

(a) endorse the sale of this surplus building for the uses specified in the report. In accordance with best consideration obligations it is proposed to proceed with Party B as the highest bidder.

(b) agree that in the event that Party B fails to complete the purchase of the building the Corporate Director Corporate and Support Services, in consultation with the Executive Member (Corporate, Customer and Community Services) be authorised to secure a sale to another party in order to obtain the best possible capital receipt.

(c) should investigations reveal matters which justify a reduction in the purchase price of the building that any subsequent negotiations are delegated to the Corporate Director Corporate and Support Services, in consultation with the Executive Member (Corporate, Customer and Community Services), to agree.

The Scrutiny is invited to comment on the above recommendations to the Executive.

Officer contact Murray Carr on telephone number 0161 474 3649 or alternatively email murray.carr@stockport.gov.uk

The Corporate Director, Corporate and Support Services submitted a report (copies of which had been circulated) inviting the Scrutiny Committee to comment on the proposed disposal of Hygarth House.

It was reported that the Executive would consider the report at its meeting on 16 July 2013.

(NOTE: the report included exempt information ‘not for publication’ contained in a confidential appendix that had been circulated to members of the Scrutiny Committee only).

It was commented that the proposal was for the disposal of the whole site which included the car park.

RESOLVED – That the Executive be recommended to:

(a) approve the sale of this surplus building for the uses specified in the report. In accordance with best consideration obligations it is proposed to proceed with Party B as the highest bidder.

(b) agree that in the event that Party B fails to complete the purchase of the building the Corporate Director Corporate and Support Services, in consultation with the Executive Member (Corporate, Customer and Community Services) be authorised to secure a sale to another party in order to obtain the best possible capital receipt.

(c) should investigations reveal matters which justify a reduction in the purchase price of the building that any subsequent negotiations are delegated to the Corporate Director Corporate and Support Services, in consultation with the Executive Member (Corporate, Customer and Community Services), to agree.