Issue - meetings

A report from the Executive Director – Environment and Communities is attached.  (Key decision – reference number 5741)

Item 23 also refers.

(This item contains exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person – including the authority holding that information) of Schedule 12A to the Local Government Act 1972, as amended).

Cllr Tim Leaver (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director – Environment and Communities, identifying a tranche of property assets declared surplus to operational requirements for release for sale, to bring in capital receipts and in the context of right sizing the portfolio.

It was advised that there was continuous asset review, and officers confirmed the good progress on the first tranche of surplus assets approved for disposal.

Members had noted the information in the restricted appendix to the report.

DECISION:  The Cabinet agreed:

I.  That the Council proceeds with the disposal of the property assets listed in the table contained in both the appendix and confidential appendix (which includes receipt estimates) to the report at the earliest opportunity (subject to appropriate due diligence investigations).

II.  To delegate authority to the Cabinet Member for Finance and Procurement in consultation with the Executive Director of Resources and Director of Property (and otherwise in accordance with the Council’s Scheme of Delegation) to market and finalise terms of sale with successful bidders in order to achieve best consideration following completion of full due diligence and stakeholder engagement.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.