Please sign our petition
Merton Council did not obtain an independent valuation for the Council owned Freehold of the Morden Tavern when it negotiated a value with Reef Estates Ltd. The council are in danger of contravening the 1972 Local Government Act in its duty of obtaining the best value possible for the property. Documents seen by the Campaign for Morden Tavern appear to indicate that the ‘in house’ valuation carried out by the same council officer who led negotiations for Merton Council with Reef Estates in meetings with no minutes recorded to buy the Freehold failed to take into consideration the additional value of the site if planning permission was granted. As one is dependent on the other the additional value is inherent and needs to be reconsidered by an independent valuer.Please sign our petition to ask for an independent valuation:http://petitions.merton.gov.uk/epetition_core/community/petition/36Thank youCMT
Campaign for Morden Tavern ● 4863d1 Comments