Venue: Concorde Room, Council Offices, Farnborough
Contact: Chris Todd, Democratic Support Officer on 01252 398825 or e-mail: chris.todd@rushmoor.gov.uk
Note: This meeting was adjourned at 8.38pm for further information to be obtained regarding two of the offers and was reconvened, in private session, at 6.45pm on Monday 14th April, 2025.
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DECLARATIONS OF INTEREST Under the Council’s
Code of Conduct for Councillors, all Members are required to disclose relevant
Interests in any matter to be considered at the meeting. Where the matter
directly relates to a Member’s Disclosable Pecuniary Interests or Other
Registrable Interest, that Member must not participate in any discussion or
vote on the matter and must not remain in the room unless they have been
granted a dispensation (see note below). If the matter directly relates to
‘Non-Registrable Interests’, the Member’s participation in the meeting will
depend on the nature of the matter and whether it directly relates or affects
their financial interest or well-being or that of a relative, friend or
close associate, applying the tests set out in the Code. NOTE: On 27th May, 2021, the Council’s Corporate Governance, Audit and Standards Committee granted dispensations to Members appointed by the Council to the Board of the Rushmoor Development Partnership and as Directors of Rushmoor Homes Limited. Minutes: Having regard to the Council’s Code of Conduct for Councillors, the following declaration of interest was made:
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To confirm the Minutes of the meetings held on 11th March, 2025 and 20th March, 2025 (copy attached). Additional documents: Minutes: The Minutes of the meetings of the Cabinet held on 11th March, 2025 and 20th March, 2025 were confirmed and signed by the Chairman. |
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EXCLUSION OF THE PUBLIC To consider resolving: That, subject to the public interest test, the public be excluded from this meeting during the discussion of the undermentioned item to avoid the disclosure of exempt information within the paragraph of Schedule 12A to the Local Government Act, 1972 indicated against such item: Item Schedule Category No. 12A Para. No. 4 3 Information
relating to financial or business affairs Minutes: RESOLVED: That, taking into account the public interest test, the public be
excluded from the meeting during the discussion of the under mentioned item to avoid
the disclosure of exempt information within the paragraph of Schedule 12A to
the Local Government Act, 1972 indicated against the item: Minute Schedule Category No. 12A Para. No. 82 3 Information relating to
financial or business affairs |
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THE FOLLOWING ITEM WAS CONSIDERED |
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UNION YARD, ALDERSHOT – APPROACH TO DISPOSAL OF RESIDENTIAL APARTMENTS (SEACOLE PLACE AND BURTON HOUSE) To consider Exempt Report No. REG2502 (copy attached), which sets out options for the disposal of 82 residential units contained within the Union Yard scheme in Aldershot. Presented By: Cllr Gareth Williams, Leader of the Council Minutes: The Cabinet considered Exempt Report No.
REG2502, which set out options for the
disposal of 82 residential units contained within the Union Yard scheme in
Aldershot town centre. Members were informed that a Cabinet report
in July, 2021 had set out an ‘exit strategy’ for the different components of
the scheme. It was agreed at that time that the 82 apartments for private rent
would be subject to disposal on completion to the Council’s Housing Company,
Rushmoor Homes Limited (RHL). Members heard that the scheme had now reached
practical completion, with all elements having been handed over to the Council
following an opening event in March, 2025. The Chairman brought the Cabinet’s attention
to the draft minutes of the Overview and Scrutiny Committee meeting held on
27th March, 2025 and Members considered the comments contained therein. The Cabinet considered and discussed the
risks of each option, as set out in the updated risk table, and decided that
Option 1, disposal to RHL, now demonstrated a significant short-term risk to
the Council’s revenue account that meant that this option was the least
favourable in terms of short-term financial risk. The Cabinet therefore agreed
to discount this option. Option 2 was for the direct sale of the units to the
open market but it was felt that this would carry a high risk in terms of
potential delays in receiving the capital receipts when compared to the other
options. There was a further risk in respect of the future sales of the units
not achieving the same value as agents had forecasted. This option was,
therefore, also discounted. Option 5 was for the sale of the units to private
investors. The highest offer received was not competitive when compared against
the other proposals under consideration. Option 5 was, therefore, also
discounted at this point. Option 4(b), whilst having a higher value
than option 4(a), was also discounted as the proposed leaseback value for the
commercial properties represented an additional risk to the Council,
outweighing the higher value. Members discussed the remaining two options,
which were Option 3 to a named registered housing provider and Option 4(a),
which was to a provider of sub-market rental accommodation for key workers. It
was noted that Option 3 would provide increased affordable housing whilst
Option 4(a) would provide key worker accommodation. The Cabinet agreed that
both the provision of social housing and the provision of key worker
accommodation fitted with the Council’s priorities. In discussing the options
in detail, the Cabinet felt it needed more information in relation to the two
options and the two operators to be able to make an informed choice. It was
proposed, therefore, that the meeting should be adjourned until this further
information could be obtained, at which point the meeting would be reconvened
and the decision made. At 8.38pm on 8th April, 2025, the Cabinet RESOLVED that the Cabinet meeting be adjourned for further information on the two options and operators to be obtained. The meeting would be reconvened at ... view the full minutes text for item 82. |