On 30 January 2025, Cabinet Committee –
Property:-
(i) Declared the land and property assets
listed in Appendix A of the report (both freehold and long leasehold interests)
surplus to Council requirements and authorises their subsequent sale as
detailed;
(ii) Noted that in accordance with existing
surplus property procedures no internal reuse of the properties listed in
Appendix A has been identified;
(iii) Authorised the Acting Director Place
Prosperity & Sustainability to conclude the sale of the Council’s property
interests at public auction (where auction is indicated as the method of
disposal) through its appointed auctioneers during 2025 and 2026;
(iv) Authorised the Acting Director Place
Prosperity & Sustainability, where deemed appropriate, to set individual
reserve prices in excess of £200,000;
(v) Noted that currently, the Assistant
Director, Corporate Landlord has authority to dispose of individual properties
(using the sale options recommended in the report), at a value of up to
£200,000;
(vi) Delegated
authority to the Assistant Director, Corporate Landlord, in conjunction with
the Acting Strategic Director Place Prosperity and Sustainability and the
Deputy Leader, to agree terms for and conclude sales of properties of those
assets identified in this report with a disposal value between £200,000 and £2m;
(vii) Noted that
transactions outside this range or not utilizing this delegation set out in
paragraph (vi) above will be reported to a future Cabinet Committee Property
meeting for a decision;
(viii) Authorised
the City Solicitor, where necessary, to advertise the permanent loss of public
open space and consider any objections in accordance with Section 123(2a) of
the Local Government Act 1972;
(ix) Authorised
the City Solicitor to negotiate, execute and complete all necessary legal
documents to give effect to the above recommendations.
THE
DEADLINE FOR CALL IN IS 1600 HOURS ON THURSDAY 6 FEBRUARY 2025.