The Director agreed to approve that the
Council agree to sell the Council’s 50% share of the property
along with the leaseholders share, including the freehold of the
property which will be dealt with coterminously. The leaseholder to
be responsible for all costs in relation to the sale including
legal fees.
Appendix 1 to this report has been marked as exempt under Access to
Information Procedure Rules 10.4 (3) on the basis that it contains
information relating to the financial or business affairs of any
particular person (including the authority holding that
information) which, if disclosed to the public, would, or would be
likely to prejudice the commercial interests of that person or of
the Council. The information is exempt if and for so long as in all
the circumstances of the case, the public interest in maintaining
the exemption outweighs the public interest in disclosing the
information. In this case the report author considers that it is in
the public interest to maintain the exemption.