Decision Details

That City Council as Trustee:

1. Notes the report on the subject to Trust & Charities Committee dated 14^th February 2025 (attached as Appendix A).

2. Approves commencing the application to the Charity Commission to obtain necessary consent for the disposal of the Estate.

3. Approves the marketing of the Estate with a further report back to Committee (and if required Full Council), and the results of such marketing for consideration and converting the Estate to a monetary trust.

4. Authorises the Assistant Director Corporate Landlord to appoint a suitably qualified external consultant to progress the marketing of the Estate and if necessary, in accordance with the Councils Contract Standing Orders and in consultation with the Corporate Procurement Service.

5. Approves that the fee costs for the external support in respect of the disposal to be drawn down from Trust funds as available and from future funding linked the realisation of receipts arising from any disposal.

6. Authorises the City Solicitor and Monitoring Officer (or their delegate) to undertake all necessary legal steps to effect and formalise the above recommendations.