Issue - meetings

poperty disposals

Meeting: 30/11/2022 - Executive (Item 97)

97 PROPERTY DISPOSALS pdf icon PDF 195 KB

Decision:

That the report be noted and referred to Full Council.

Minutes:

The Operational Property Review had identified the need to generate Capital Receipts to reduce the overarching cost of clearing maintenance liabilities and for bringing up to a standard through minor refurbishment, those properties the Council intended to retain.  A number of properties and leasehold interests had been identified for either disposal or by lease re-gearing to generate Capital Receipts.

 

The Leader of the Council emphasised that the Council would not be engaging in “fire sales” as some had been scurrilously suggesting and would only dispose of properties at the appropriate time.  The Portfolio Holder for Resources, Commissioning and Contracts Management highlighted that as a result of the Council being debt free it was not forced to rush the sale of assets and Members could take their time and seek fair value.

 

The report had been scrutinised by the Executive, Resources and Contracts PDS Committee at its meeting on 23 November and the Committee had supported the recommendations.

 

RESOLVED: That the report be noted.