Sunday, November 07, 2010

Site Value Dropped? Bishopbriggs High School site value goes from £11.52 million to £7.75 million...

The item on the Council minutes for the 30 June 2010 regarding the above excludes the public as noted below:

EXCLUSION OF THE PUBLIC

It is recommended that the Council pass the following Resolution:-
“That under Section 50A(4) of the Local Government (Scotland) Act 1973, as amended, the press and public be excluded from the meeting for the following items of business on the grounds that they may involve the likely disclosure of exempt information as defined in Paragraphs 1, 8, 9 & 11 of Part 1 of Schedule 7A of the Act”.
….. 8524 16 Disposal of Former Bishopbriggs High School Site – Report by Director of Development & Infrastructure. (Copy herewith) 65-70

Our interpretation of the above is that East Dunbartonshire Council anticipated at one time making a capital receipt of £11.52m from this site, but that estimate has had to be revised downwards to £7.75m.

Read the full post here on the Cleddens Residents Blog

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