Issue - meetings

(Report of the Director of Place and Sustainability. To be introduced by the Cabinet Member for Finance and Carbon Reduction). The report seeks approval to dispose of two properties that are unsuitable for long term retention following changes in service delivery.

REPORT TO FOLLOW

Cabinet considered a report, presented by the Cabinet Member for Finance and Carbon Reduction, which sought approval to the disposal of Council properties that were unsuitable for long term retention following changes in service delivery.

Exempt information was considered under Item 27.

RESOLVED:

That the Head of Corporate Property Services, in consultation with the Cabinet Member for Finance and Carbon Reduction, be authorised to dispose of the Council’s freehold interest in property A as identified in the exempt part of the report, for the best consideration reasonably obtainable on the open market.

Alternative Options Considered

Retention of the property as is – following consultation with Services, no future Council operation or strategic requirements have been identified for the property.

Retention for wider area – the property is not in a designated area and its sale for the highest value generating purposes will also help improve and consolidate the local area.

Reasons for Decision

The recommendation to dispose is in line with the Council’s Corporate Asset Policy which is ‘to only hold assets that are required for immediate service delivery or that contribute to the achievement of corporate property objectives and priorities in the longer term’. By implementing the policy, the Council is able to both rationalise its property holdings and generate capital receipts to support the capital programme. In some cases it can facilitate regeneration schemes through the disposal of surplus, inefficient or uneconomic buildings.