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RESOLVED:
 
That the Strategic Investment Board:
 
1.   
Approves commencement of the marketing exercise in relation to the
potential freehold disposal of this investment asset to achieve a
capital receipt of [See Exempt Minute E-19-25].

2.   
Delegates authority to the Deputy Chief Executive & Executive
Director of Resources (s.151 officer) in consultation with the
Leader and the Cabinet Member for Property, Infrastructure and
Waste to approve the sale of the asset and authorise entering into
the required legal documentation to facilitate the sale following
the outcome of the marketing process and within a [See Exempt
Minute E-19-25].
 
Reasons for
Decisions:
 
·        
Continual assessment of the County Council’s investment
assets performance has identified potential merit in undertaking a
freehold disposal of this asset.
·        
To ensure the decisions can be executed in a timely manner, the
details provided within the paper allow for a clear vision on the
options available.
 
(The decisions on
this item can be called-in by the Resources and Performance Select
Committee)