Notice of intention to dispose of asset of community value
Notice of intention to dispose of asset of community value - Section 95(2) of the Localism Act 2011
Site of former Squirrels Bar and Restaurant
Bracknell Forest Council hereby gives notice that on 31 January 2020 it received a notification from the owner of the above site (listed by the council on 19 April 2017 as an Asset of Community Value under the Localism Act 2011) of an intention to dispose of it through a freehold sale
The council invites any eligible community interest group to express an interest to be treated as a potential bidder for the Asset by 12 March 2020.
An eligible community interest group must have one or more of the following structures:
- a charity
- a community interest company
- a company limited by guarantee that is non-profit distributing
- an industrial and provident society that is non-profit distributing
The owner of the Asset may not dispose of the Asset during a 6 week period starting from the date the council received the notification from the owner of their intention to dispose of the Asset (the interim moratorium period) and ending on 12 March 2020.
During the interim moratorium period any eligible community interest group may request in writing to be treated as a potential bidder for the Asset. If the council receives such a request, this will trigger the full moratorium period and the council must inform the owner who may not then dispose of the Asset during this 6 month period, expiring 30 July 2020, unless it is to a community interest group. If no community interest group requests to be treated as a potential bidder during the 6 week interim moratorium period, the owner may proceed to dispose of the Asset on the open market during an 18 month protected period expiring on 30 July 2021.
Please send any request to be treated as a potential bidder to:
Sanjay Prashar, Borough Solicitor,
Bracknell Forest Council,
The council will, as soon as practicable, notify the owner of any request it receives. As stated above the deadline for receipt of requests is 12 March 2020.
Dated: 11 February 2020