Issue - meetings

A report from the Director of Finance, Resources and Customer Services is attached. This seeks approval in principle to the sale of various Council properties as detailed in the report. (Key decision – reference number 4413)

(Report No.134)

(8.40 – 8.45 pm)

Councillor Dino Lemonides (Cabinet Member for Finance and Efficiency) introduced the report of the Director of Finance, Resources and Customer Services (No.134) seeking approval in principle to the sale of various Council properties.

NOTED

1.               The properties listed in the Appendix to the report which were considered in the Council’s overall best interests to sell, subject to satisfactory further evaluation and consultation, in order to assist in funding capital spending.

2.               That the list of properties had been brought to the attention of Cabinet Members and Ward Councillors for their consideration.

3.               The discussions that were currently taking place with regard to Reardon Court which would need to be concluded before moving forward with any proposals for this particular site.

Alternative Options Considered: Retention of property without regular review was clearly not in the Council’s business interests. If property was not disposed of, it would cause a reduction in capital spending or increased borrowing. However, evaluation of individual cases might result in retention being the better option.

DECISION: The Cabinet agreed

1.               That approval be given in principle to the disposal of those properties as listed in the appendix to the report.

2.               To delegate the method of sale and the approval of provisionally agreed terms of sale to the Cabinet Member for Finance and Efficiency in consultation with the Director of Finance, Resources and Customer Services.

Reason: Potential disposal of the properties was recommended as being in the Council’s best financial interests balanced against service and community needs.

(Key decision – reference number 4413)