Decision details

To make decisions on Property Matters, as required.

The Executive RESOLVED:

1.         To approve the leasehold transfer of assets, as detailed in Annexe 1 to the report.

2.         To approve the tapered funding arrangement for the leasehold transfers.

3.         To approve the freehold transfer of the Gostrey Meadow, Farnham to Farnham Town Council

3a.    To delegate authority to the Head of Finance, in consultation with the relevant Portfolio Holder(s), to agree and complete other transfers from the list in Annexe 1 on a freehold basis, subject to an independent valuation acceptable to the Head of Finance, and an immediate transfer of the annual net running costs.

4.         To delegate authority to officers to finalise the heads of terms and complete the necessary legal document(s) with the Town and Parish Councils for the transfer of assets, with detailed terms and conditions to be agreed by the Strategic Director, in consultation with the relevant Portfolio Holder(s).

Reason: The proposed asset transfers support the Council’s ambition to see responsibility for delivering services devolved to Town and Parish Councils where appropriate.

[VALUE FOR MONEY & CUSTOMER SERVICE OVERVIEW & SCRUTINY COMMITTEE]