Asset Rationalisation

October 22, 2026 Executive (Other) Key decision In call-in window View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

The Executive of Islington Council decided on 22/10/2026 to approve recommendations for asset rationalisation. The council agreed that identified assets are surplus and recommended for disposal, with capital receipts to be used for revenue savings and the acquisition of family-sized homes. Authority was delegated to the Corporate Director of Community Wealth Building to finalise disposal terms and associated agreements.

Full council record

Decision

Recommendations:  

i.                    Noted that all assets recommended for disposal have been reviewed in line with the Strategic Asset Management Plan for suitable and feasible alternative uses and the option of disposal provides best value to the Council.

ii.                  Agreed that the assets identified in this report are declared surplus and recommended for disposal.

iii.                Delegated authority to the Corporate Director of Community Wealth Building in consultation with the Director of Corporate Resources and the Executive Member for Finance to finalise terms for the disposal and any other associated agreements and complete the disposals.

iv.                Agreed that capital receipts to the General Fund from the proposed disposals are used to make revenue savings to support MTFS financial pressures and capital receipts to the HRA are used to support the acquisition of family sized homes to support temporary accommodation financial pressures.

Decisions:

AGREED recommendations

Reasons for the decision – as detailed in the report

Other options considered – as detailed in the report

Conflicts of interest / dispensations granted – none

Related Meeting

Executive - Thursday, 22nd October, 2026 5.00 pm on October 22, 2026

Supporting Documents

Executive Report - Asset Rationalisation.pdf

Details

ReferenceCall-ins0
OutcomeRecommendations Approved (subject to call-in)
Decision date22 Oct 2026
Expected date22 Oct 2026
Originally due22 Oct 2026
Lead officerStephen Biggs
Subject to call-inYes