Decision details

Estate Rationalisation – Surplus Asset Disposals

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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

Decision:

That Cabinet:

1.      Approved the 6 assets listed in Appendix A be declared surplus to Council requirements and subject to them not being considered suitable for HRA transfer, or sold to a registered provider, to be disposed of on the open market for the best consideration.

2.      Authorised the appropriation of any suitable properties to the HRA if required.

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

4.      Authorised the Head of Corporate Landlord or Asset Delivery Manager 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 ensure any route for disposal of the assets ensures best value is obtained for each property.

Report author: Steve Matthews

Publication date: 24/01/2023

Date of decision: 24/01/2023

Decided at meeting: 24/01/2023 - Cabinet

Effective from: 01/02/2023

Accompanying Documents: