Issue - meetings
Disposal of HKP Warehouses
Meeting: 06/11/2019 - Cabinet (Item 62)
62 Disposal of Herbert Kimberley and Phillpotts Warehouses 
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To consider the report of the Cabinet Member for Regeneration and Economy seeking to update Cabinet on the disposal of the Council’s leasehold interest in the Council’s former Docks administration buildings.
Decision:
RESOLVED that:
(1) progress towards the disposal and re-use of Herbert, Kimberley and Phillpotts Warehouses be noted.
(2) the Property Commissioning Manager be given delegated authority (following consultation with the Cabinet Member for Regeneration & Economy and Head of Policy and Resources) to agree the terms of any ancillary documents necessary or desirable to enable the transaction to proceed.
(3) a further report be brought back to Cabinet once Officers are in a position to recommend a proposal to Members.
Minutes:
Cabinet considered the report of the Cabinet Member for Regeneration and Economy that sought to update Cabinet on the disposal of the Council’s leasehold interest in the Council’s former Docks administration buildings.
The Cabinet Member for Regeneration and Economy informed Members that the proposal had generated a lot of serious interest from developers from whom three distinct bids were being taken forward. He gave reassurance that these would be presented to Cabinet in due course and that any plans would do justice to such a significant site and complement the wider regeneration taking place in the city. The Cabinet Member for Culture and Leisure asked if the negotiations with the Canal and River Trust over the covenant restricting use of the warehouses (3.3) had reached a resolution. The Property Commissioning Manager advised Members that a solution had been agreed in principle.
RESOLVED that:
(1) progress towards the disposal and re-use of Herbert, Kimberley and Phillpotts Warehouses be noted.
(2) the Property Commissioning Manager be given delegated authority (following consultation with the Cabinet Member for Regeneration & Economy and Head of Policy and Resources) to agree the terms of any ancillary documents necessary or desirable to enable the transaction to proceed.
(3) a further report be brought back to Cabinet once Officers are in a position to recommend a proposal to Members.