Councillors and committees

Decision details

Property Transactions

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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)

 

Decisions:

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.

 

 

 

 

Report author: Peter Hall

Publication date: 26/09/2017

Date of decision: 26/09/2017

Decided at meeting: 26/09/2017 - Cabinet

Effective from: 04/10/2017

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