Key Decision 48 - Property Asset Disposals
To consider a report on the disposal of property assets
Additional documents:
Minutes:
Consideration was given to a report of the Head of Development seeking approval for the sale of five freehold titles for land and buildings.
RESOLVED:
1 That the freehold interest of the sites referred to in the report, as shown on the maps appended to the report, be disposed of on the terms set out in the report to the current tenant.
2 That the Interim Chief Executive or their identified nominee, in consultation with the Cabinet Member for Prosperity & Economic Regeneration, and subject to consideration by the Monitoring Officer and the Chief Financial Officer, be given delegated authority to finalise the details of the sale in accordance with the terms and conditions outlined in this report.
3 That a Supplemental Revenue Estimate for the amount named in the report be funded from reserves during 2013/14 to fund an income shortfall with a permanent budget adjustment being requested during the 2014/15 budget planning process to rectify the loss of the rental income budget.