Purpose

The
Council Plan sets
out the Council’s ambition to minimise the burden of local
taxation, delivering the agreed priorities for residents within the
approved budget and capital programme. The Council maintains
an
Asset Management Policy and
Strategy that details how the
Council’s Assets will be managed and developed to deliver
against the targets within the Council Plan.   An objective of the Asset Management
Strategy is to acquire, manage, maintain
and dispose of property effectively, efficiently and sustainably,
together with optimising financial and commercial
opportunities.
 
This report
advises on the outcome of the marketing of
24-26 West Street, Storrington
and seeks the approval of the Cabinet Member for
Finance and Property to dispose of the County Council’s
freehold estate in the property.    Offers have been received and approval
is sought to sell to the preferred and highest bidder. 
 
 
 

Decision

The Cabinet Member has
endorsed:

(1)        
That the County Council disposes of its freehold estate at 24-26
West Street, Storrington, West Sussex, RH20 4EE as set out in
Appendix A of this report (restricted to members only)
and  

(2)        
Delegates authority to the Assistant Director (Property and Assets)
in conjunction with the Director of Law and Assurance to conclude
the terms of the sale, as set out in Appendix A of this report
(restricted to members only).