Decision details

To authorise the Director of Property in consultation with the Cabinet Member for Corporate and Democratic Services to finalise terms of the property disposal and enter into any agreements to finalise the transaction. 

The site has been identified as surplus to the Council’s requirements and releasing this site will secure a capital receipt to fund the capital programme and to streamline the Council’s property portfolio to achieve financial and efficiency benefits in line with appropriate policy

Financial Implications: Property holding costs will cease upon sale and capital receipts will be available to support the Council’s Medium Term Capital Programme

Legal Implications: None

Equality Implications:  None

The need for capital receipts is outlined in the Medium Term Capital Programme

As Cabinet Member for Corporate and Democratic Services, I agree to sell the property and to delegate authority to the Director of Infrastructure, in conjunction with the Cabinet Member for Corporate and Democratic Services, the Director of Finance and Procurement and the Cabinet Member for Finance and Procurement, to finalise the selected purchaser and terms of the proposed sale.