Decision details

RESOLVED:

1.    That the sale of the [E-3-21] site as outlined in red on the attached plan at Annex 1, extending to 1.97 ha (4.87 acres) to [E-3-21] on an unconditional basis as set out in the report, for a consideration of [E-3-21] is authorised.

2.    That delegated authority be given to the Director of Land & Property, in consultation with the Cabinet Member for Resources to agree a 10% variation in the agreed sale price to reflect possible changes and circumstances as a result of the ongoing due diligence process.

Reason for Decision:

The property is no longer considered suited to ongoing service delivery, nor capable of generating significant income. The capital receipt from the sale will contribute to the funding sources available to the council in support of its delivery of its capital programme, specifically, as outlined below, to reimburse the cost of the [E-3-21].

[The decisions on this item can be called in by the Resources and Performance Select Committee]