On 27 April 2026 Cabinet
Committee – Property:-
(i) Declared the land and property asset
listed in Appendix A of the report surplus to Council requirements and
authorised, in principle, their subsequent treatment as detailed in Exempt
Appendix B of 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 a disposal, through an executive decision report requiring all
relevant officer engagement and approval by or on behalf of the Executive
Director for Finance and the City Solicitor, of this property 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) Delegated authority to the Director of
Property & Regeneration to alter the mode of any disposal detailed in
Appendix A, subject to consultation with the Deputy Leader; and
(ix) 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 1 MAY
2026