On
19 May 2025, Cabinet Committee – Property:-
(i) Declared the land and property assets
listed in Appendix A of the report surplus to Council requirements and
authorised 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 have been identified;
(iii) Authorised the Executive 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 Executive 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 Executive Director, Place
Prosperity and Sustainability and the Deputy Leader, to agree terms for and
conclude sales of properties of those assets identified in the 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; and
(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 FRIDAY 23 MAY 2025.