Decision

Decision
 
For the reasons set
out in the report and its appendices Cabinet RESOLVED to Agree:
 

i) 
The sale of the whole Newham’s IPV4 address range via an
approved broker;

 

ii) 
To delegate authority to the Corporate Director of Resources to
agree the specifics of the sale;
 

iii) 
To note the market conditions and exchange rates will dictate the
final price achieved. The range provided is purely indicative and
does not denote a minimum or maximum sale price the Council is
looking to achieve;
 

iv) 
To note that a separate procurement exercise will be completed to
identify a preferred broker to act on behalf of the Council to sell
the range and maximise income potential from the sale. A fee will
be payable only upon the successful sale of the addresses at an
agreed fixed percentage (c.2.5%); and

 

v) 
To note that the Council would need to purchase a small number of
IPV4 addresses to replace the addresses sold. The cost of replacing
addresses is still to be determined following a discovery exercise
by one source IT.
 
Alternatives
Considered
 

a) 
The option to lease rather than sell the address range was
considered but this option was rejected due to the administrative
burden on the Council that would result. Selling the range also
insures the Council against further reductions in the value of the
address range in future years as IPV6 adoption picks up pace.

b) 
The option to do nothing is not recommended to ensure that the
Council obtains value for money from a significant financial asset
which might in due course reduce in value.