To consider the report of the Cabinet Member
for Resources seeking approval to dispose of the land to a
preferred bidder following the marketing of the property.
Decision type: Key
Reason Key: Expenditure > £500,000;
Decision status: Recommendations Approved
Wards affected: Redbridge;
Notice of proposed decision first published: 10/07/2013
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
Confidential Appendix 2 contains information deemed to be exempt from general publication based on Category 3 of paragraph 10.4 of the Council’s Access to Information Procedure Rules. The appendix includes details of a proposed transaction which, if disclosed prior to entering into a Legal contract, could put the Council at a commercial disadvantage. In applying the public interest test it is not considered appropriate to make public the bids received as this could lead to a revision of bids and, in the event of the transaction failing to complete, prejudice re-tendering of the property, therefore reducing the amount receivable by the Council.
Decision due: 20 Aug 2013 by Cabinet
Lead member: Cabinet Member for Resources and Leisure
Lead director: Head of Property and Procurement
Department: Resources and Leisure Portfolio
Contact: Peter Kitching Email: firstname.lastname@example.org Tel: 023 8083 2345.
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Public Comments may be sent to: Peter Kitching