Issue - meetings

This report seeks approval from the Cabinet Member for Property, Waste and Infrastructure, in conjunction with the Leader and Deputy Leader to:

i)             confirm surplus declarations on a specific set of assets to facilitate their earliest disposal by auction, and

ii)            to delegate authority to the S151 Officer consultation with the Director of Land and Property to secure best value from their release and to agree “auction reserve prices” - minimum acceptable price for assets.

The Cabinet Member:

1.    Declared the assets, outlined in this Report, as formally surplus to operational requirements (and agreed same in conjunction with the Leader and Deputy Leader).

2.    Delegated authority to the Section 151 Officer in consultation with the Director of Land & Property in consultation Executive Director – Environment, Infrastructure and Growth to secure best value from the assets released.

3.    Delegated further authority to those officers to agree minimum reserve prices, any specific covenants on the sale of assets to be sold through auction, to finalise each transaction, and enter into all associated legal contracts (including private treaty if assets can be sold prior to auction).

3.