Issue - meetings

Councillor Patel submits a report seeking to obtain the necessary authorities from the Cabinet to sell the freehold interest in the land at the corner of Featherstone Drive and Queens Park Way, Eyres Monsell, Leicester by auction at the earliest opportunity.

Councillor Patel submitted a report seeking the necessary approval to enable the sale by auction of the land at the corner of Featherstone Drive and Queens Park Way, Eyres Monsell as detailed on map appended to the report.  It was noted that the land was surplus to requirements.  In order to ensure that the best price was achieved, it was proposed to dispose of the property by way of auction.

RESOLVED:

(1)that the freehold interest in the land at the corner of Featherstone Drive and Queens Park Way, Eyres Monsell, as detailed on the map appended to the report, be sold at auction at the earliest opportunity; and

(2)that the Director of Environment and Development be granted delegated authority in respect of the following matters:-

(a)to approve the appointment of suitable auctioneers which shall provide the best value service;

(b)to authorise the auctioneers in accordance with Standing Order 59(c) to sign contracts on behalf of the City Council in respect of land at the corner of Featherstone Drive and Queens Park Way, Eyres Monsell, Leicester in the event that the property is sold at or immediately following the auction;

(c)to approve the reserve price for the property to be sold by auction;

(d)to approve any sale prior to auction arising from offers which are considered unlikely to be achieved at auction;

(e)in the event of the purchaser who has bought the property sold at auction subsequently requesting that their property is purchased in a different name to that of the purchaser, to approve the new purchaser (subject to the Head of Legal Services being satisfied that the Council's legal position is protected throughout);

(f)approve, in the event of the property failing to sell at an auction, the sale of such property at any time subsequent to the auction either by private treaty, formal/informal tender or by way of another auction in the event of an acceptable offer/bid being received;

(g)authorise the Head of Legal Services to exchange contracts and complete the sale of any property in accordance with any terms agreed.