Purpose

To appraise the Cabinet Member
and seek approval to declare land and properties held within the
Corporate Portfolio as surplus to operational
requirements.

Decision

Decision(s): That
 

(1)

the land and
properties detailed within this report be declared as surplus to
operational requirements; and
 

(2)

the deduction of up to
4% of the eventual capital receipt of each asset be approved to
cover the professional fees and incidental costs of disposal as set
out in the Capital Accounting Regulations

 
 
Reason(s) for the
Decision(s):
 
As part of the ongoing Asset
Review several assets within the Corporate Portfolio, which are
vacant or under-utilised, have been identified as surplus to
operational requirements and suitable for disposal.
 
 
Alternative Options
Considered and Rejected
 
Not to dispose of the land and properties.
However, further to discussion as the Council’s Corporate
Property Board, no operational need was identified for the subject
land and buildings. The majority of the land and properties are
also a liability from a maintenance perspective, and the Council
incurs significant costs whilst they are not in use.