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Pentagon Centre Purchase (Amendment): Obtain Two Further Independent Valuations

21 February 2019

Motion

A report presented to council provided details of the proposal to add the acquisition of the head leases from Chatham LLP of the Pentagon Centre and other included freehold properties and the proposed additional enabling capital works to the capital programme, following Cabinet's decisions to approve these acquisitions on 12 February 2019.

The mayor proposed that the press and public be excluded during consideration of any information contained in the exempt appendix to this report, as set out on page 295 of the agenda, on the basis that the public interest in maintaining the exemption outweighed the public interest in disclosing the information. This was agreed.

The leader of the council, Councillor Jarrett, supported by the deputy leader and portfolio holder for housing and community services, Councillor Doe, proposed the recommendations set out in the report.

Amendment

Councillor Stamp, supported by Councillor Osborne, proposed the following amendment:

"Add after 7.1:

This council recommends cabinet obtains two further independent market valuations to help ensure the valuation is accurate and the council achieves the best possible value for money with the proposal".

On being put to the vote, the amendment was lost.

Vote Result