Issue - meetings
Proposed Disposal of Dowty House
Meeting: 17/07/2012 - Cabinet (Item 12)
12 Proposed Disposal of Dowty House 
PDF 51 KB
Report of the Cabinet Member Finance
Additional documents:
- 2012_07_17_CAB_Dowty_House_Appendix_1 , View reasons restricted (12/2)
- 2012_07_17_CAB_Dowty_House_Appendix_2, item 12
PDF 156 KB
- 2012_07_17_CAB_Dowty_House_Appendix_3 , View reasons restricted (12/4)
Decision:
Resolved
That the Head of Property and Asset Management be authorised to negotiate and conclude the disposal of Dowty House to the Coronation Old Peoples Housing Society (Cheltenham ) Ltd for the sum set out in Appendix 3
Minutes:
The Cabinet Member Finance introduced the report and explained that Dowty House was a well regarded residential home in the town. The Trustees were now wishing to acquire the freehold of the property from the Council in order to invest in the care of residents for the future. The Council’s valuers had now negotiated a freehold disposal with the agent representing Dowty House and an overage clause had been included should the trustees dispose of part or the whole of the property for an alternative use. The proposed disposal would be beneficial to all parties involved.
Resolved
That the Head of Property and Asset Management be authorised to negotiate and conclude the disposal of Dowty House to the Coronation Old Peoples Housing Society (Cheltenham) Ltd for the sum set out in Appendix 3.