Decision details

To seek Cabinet approval to the disposal on the open market of 5 freehold BCC assets which have been initially identified by the Estates Rationalisation Board as being surplus to the Council’s requirements.

That Cabinet:

1. Approved the 5 General Fund assets listed in Appendix A be declared surplus to Council requirements and subject to not being suitable for HRA transfer, be disposed of on the open market for the best consideration.

2. Approved, subject to meeting HRA suitability, the appropriation of any of the assets to the HRA as additional housing stock, based on market value.

3. Authorised the Head of Property to place the properties with agents using existing contracts.

4. Authorised the Service Manager or Head of Property in consultation with the Cabinet member City Economy, Finance and Performance, in accordance with the Council’s scheme of delegations, to take all steps required to dispose of the assets or transfer them into the HRA ensuring best value is obtained for each property.