Industrial Estate Disposal Oldgate, Marshgate, Dewar Court
Minutes:
The Board considered a report of the Strategic Director, Enterprise,
Community and Resources, which provided an update on the disposal of Oldgate, Marshgate and Dewar
Court Industrial Estates.
The Board was advised that, during the Summer,
a retesting of the market with previous bidders had taken place. Details of the
revised offers were outlined in Appendix 1 attached to the report, for Members’
consideration.
RESOLVED: That
1) the
disposal of the industrial estates to the company and at the price named in the
recommendation be approved; and
2) the
Operational Director, Economy and Enterprise, together with the Operational
Director, Legal and Democratic Services and the Resources Portfolio holder, be
delegated authority to accept reasonable adjustments to the offer price
following detailed surveys, provided that any adjustments to the price still
exceed that as set out in the report.