|
On 23 February 2026 Cabinet Committee – Property:-
(i) Declared the land and property assets listed in Appendix A to the report surplus to Council requirements and authorises, in principle, their subsequent treatment as detailed in Exempt Appendix B to the report;
(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 Executive Director, Place Prosperity & Sustainability, if and when the Executive Director, Place Prosperity & Sustainability considers it to be appropriate, to conclude the disposal of the Council’s property interests at public auction (where auction is indicated as the method of disposal) through its appointed auctioneers during 2026 and 2027;
(iv) Authorised the Executive Director, Place Prosperity & Sustainability, where the Executive Director, Place Prosperity & Sustainability deems it appropriate, to set individual reserve prices in excess of £200,000;
(v) Noted that currently the Director of Property & Regeneration has authority to dispose of individual properties (using the divestment options recommended in this report), at a value of up to £200,000;
(vi) Delegated authority to the Director of Property & Regeneration, in conjunction with the Executive Director, Place Prosperity and Sustainability and the Deputy Leader, when the Director of Property & Regeneration considers it to be appropriate, to agree terms for and conclude disposals of those properties 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 3.6 above will be reported to a future Cabinet Committee Property meeting for a decision;
(viii) Delegated authority to the Director of Property & Regeneration to alter the mode of any disposal detailed in Appendix A to the report, subject to consultation with the Deputy Leader;
(ix) Authorised the City Solicitor and Monitoring Officer, where necessary, to advertise any intended disposal of public open space and consider any objections in accordance with Section 123(2A) of the Local Government Act 1972;
(x) Authorised the City Solicitor and Monitoring Officer to negotiate, execute and complete all legal documents necessary to give effect to the above recommendations.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON FRIDAY 27 FEBRUARY 2026.
|