Decision

The Cabinet Member for Property, Waste and Infrastrucutre:

1. Declared the assets, outlined in this Report, as formally surplus to operational requirements under the Council’s Constitution.
2. Delegated authority to the Deputy Chief Executive and Executive Director of Resources (s151 Officer) in consultation with the Director of Land and Property to secure best value from the assets released.
3. Delegated authority to the Deputy Chief Executive and Executive Director of Resources (s151 Officer) in consultation with the Director of Land and Property to agree a minimum acceptable price for the assets, in consultation with the Cabinet Member of Property, Waste and Infrastructure.
4. Delegated authority to the Deputy Chief Executive and Executive Director of Resources (s151 Officer) in consultation with the Director of Land and Property to finalise any future transactions and enter into all associated legal agreements for the assets, in consultation with the Cabinet Member for Property, Waste and Infrastructure.
5. Accepted any asset disposal will be subject to surrender and approves the HGR premiums for the surrender of its interest from the gross receipts and notes there is debt aligned to these assets, with parties bearing their own costs and appointments of their own professional team.