Decision details

To delegate approval of three forthcoming disposals with a value of over £250,000 to the Corporate Director of Place, pursuant to Section F6 within the Scheme of Approval and Delegation for Financial Transactions.

Having agreed to note the confidential appendix to the officer report, Cabinet

RESOLVED:  That

(1)            the two properties be declared surplus to the Council’s requirements;

(2)            authority be delegated to the Corporate Director of Place, in consultation with the Portfolio Holder for Business, Employment and Property, to market the properties, negotiate terms and approve the final terms of the disposals, and to enter into the contract and any associated documentation in connection with the disposals, subject to the sale of each property being on the basis of best consideration reasonably obtainable;

(3)            authority be delegated to the Corporate Director of Place, in consultation with the Portfolio Holder for Business, Employment and Property, to procure specialist agents to market the properties where required.

Reason for Decision:  The disposals were recommended as the properties were deemed surplus to the Council’s service needs.  Their sale would reduce the ongoing revenue cost burden as well as providing a capital receipt.