Issue - meetings

Disposal of the former Spa Hotel site, The Esplanade, Shanklin

Meeting: 20/06/2022 - Cabinet (Item 12)

12 Disposal of the former Spa Hotel site, The Esplanade, Shanklin pdf icon PDF 585 KB

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Decision:

Cabinet approves the sale of the freehold interest in the Spa site to the preferred bidder as set out in the report. In doing so delegating the authority to approve final terms following this decision to both the Cabinet Member for Regeneration, Business Development and Tourism and the Cabinet Member for Strategic Finance, Corporate Resources and Transformational Change, in consultation with the Director of Regeneration and the council’s Section 151 officer.

 

Minutes:

The matter of the disposal of the site had been ongoing since 2005. There had been a lot of negotiation and consultation including with local Councillors and the Town and Parish Council. The recommended proposal had been considered by the Regeneration Board and believed it to be the best option. In response to a question from Cllr Brodie as to why he had not seen all the confidential papers, the Monitoring Officer confirmed that the Corporate Scrutiny Committee had not requested for it to be on their agenda, and that there had been an opportunity to ask questions of the relevant portfolio holder when the item had first appeared on the Forward Plan.

 

RESOLVED:

 

Cabinet approves the sale of the freehold interest in the Spa site to the preferred bidder as set out in the report. In doing so delegating the authority to approve final terms following this decision to both the Cabinet Member for Regeneration, Business Development and Tourism and the Cabinet Member for Strategic Finance, Corporate Resources and Transformational Change, in consultation with the Director of Regeneration and the council’s Section 151 officer.

 


Meeting: 16/06/2022 - Cabinet (Item 12a)

12a Disposal of the former Spa Hotel site, The Esplanade, Shanklin pdf icon PDF 585 KB

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