Sale of Duke Street & Chapel Street Car Parks and Public Conveniences, Whittington Moor, Chesterfield (G260L)
Decision:
2.1 That Cabinet Member approves a 999-year leasehold (virtual freehold) transfer at the agreed price / premium on the terms set out in this report.
2.2 That the Property Procurement and Contracts Law Manager be granted delegated authority to agree any late amendments to the transaction.
3.0 Reason for recommendations
3.1 This report is pursuant to a review of the two Council owned car parks in 2017. The car parks, and public conveniences located to the frontage of Duke Street, generate no income for the Council and are a maintenance liability in terms of repair and management. As a condition of sale the car parks will continue to provide some parking for residents and a disabled WC facility, without the burden of its running costs being met by the Council.
3.2 The proposed sale will realise a capital receipt together with payment of the Council’s professional fees. The receipt will be credited to the General Fund Account.