Purpose

The purpose of this report is to seek approval and delegated authority from Cabinet to bring forward the latest proposed Capital Receipts Schedule for 2025/26 in alignment with the Council’s approved budget and Capital Strategy. It also updates on past disposal performance.

Background papers;

                      i.    Surplus Property Disposals 2023/24

                    ii.    Asset Review November 2023

                   iii.    Surplus Property Disposals January 2025

Decision

RESOLVED –

1)    That approval be given to the disposal of the land and property within the Supplementary Capital Receipts Schedule 2025/2026 to support the Council’s income targets.

2)    That authority be delegated to the Executive Director for Place in consultation with the Portfolio Holder for Finance and Regeneration, to negotiate and agree terms and complete the sales of any land and property identified within the Supplementary Capital Receipts Schedule 2025/2026.

3)    That, having considered and dismissed the objection to the disposal of public open space, approval be given to the disposal of the land at Grasscroft, Almondbury, shown edged red on the plan at Appendix B of the considered report.

4)    That authority be delegated to the Executive Director for Place to negotiate and agree terms and complete the sale of the land at Grasscroft, Almondbury.

5)    That authority be delegated to the Service Director – Legal, Governance and Commissioning to enter into all agreements necessary to effect any of the disposals approved in (1) and (3).

6)    That the highway improvement lines as shown in the plan at Appendix C and as identified in paragraphs 2.20 - 2.22 of the considered report be revoked.