Decision details

That

1.  It be agreed that the terms of the proposal by the preferred purchaser, Prime Developments, are no longer viable and that the previously agreed transaction will not be progressing.

2.  The property is retained as an operational asset for the purpose of continuing to deliver library provision for the local area.

3.  The property is not remarketed, nor any negotiations with past bidders undertaken.

4.  Should the Council undertake any redevelopment of its own assets within the immediate Chislehurst area, then the reprovision of a library in such a scheme would as a matter of course, be considered thus enabling a future freehold disposal or opportunity to self-deliver social housing. Equally, should a similar such opportunity arise on non-Council owned land, that it be considered providing that has not already been explored and discounted during past marketing exercises.

The report recommends that Chislehurst library is retained as an ongoing operational facility for provision of library services, with no further market testing to be pursued. This recommendation does not have any impact upon existing approved budgets or finance forecasts.