Decision details

To approve recommendations for purchase and sale of assets and terms of leases (over £1m – Cabinet decision, under £1m – Cabinet Member Decision, in consultation with the leader)

The report was introduced by Mr Tim Oliver who informed Cabinet that they were asked to approve a property disposal. He advised that a late bid had been received for the property but on balance it was felt that the original offer as contained within the recommendation within the report was the preferable option.

RESOLVED:

The Cabinet is asked to authorise the sale of land, as set out in the submitted report, following a marketing exercise and negotiations with adjoining owners and developers.

Reasons for decisions

The land is no longer required to support service delivery or capable of generating a significant income.  The capital receipt will contribute to the funding sources available to the Council in support of its delivery of services to its residents.