1. To approve the sale of the Robin Hood Car Park and part of the Bright Hill Car Park on a subject to planning basis to AMA Buchanan Investments Ltd, as set out in the Heads of Terms dated 12 June 2024.
2. To approve the expenditure of approximately £100,000 of the proceeds of the sale on ground stabilisation works to bring all of the car park retained by the Council back into operation.
3. To provide approximately £50k capital to cover the costs of the sale.
4. Delegated authority to the Strategic Director – Finance and Resources to enter into all relevant contracts in order to complete the transaction.
Decision type: Key
Reason Key: Savings > £200,000;
Decision status: For Determination
Wards affected: Castle;
Notice of proposed decision first published: 24/06/2024
Anticipated restriction: Part exempt - View reasons
Explanation of anticipated restriction:
It is expected that an appendix to the committee report will contain commercially sensitive content and will be restricted under paragraph 3.
Decision due: 9 Jan 2025 by Executive
Lead member: Lead Councillor for Finance and Property
Lead director: Joint Strategic Director - Place
Contact: Abi Lewis, Assistant Director: Regeneration and Planning Policy Email: abi.lewis@guildford.gov.uk, Andrew Tyldesley, Major Projects - Town Centre Development Lead Email: andrew.tyldesley@guildford.gov.uk.