Purpose

Update on disposal of assets and determining
assets available for review

Content

Resolved:
 
That Cabinet:
 

a)   
Notes the progress for capital
receipts in the current year.

 

b)   
Approve the sale of the freehold
interest of the 4 assets in Appendix 2 to generate capital receipts
in support of the Council’s capital programme, if deemed in
the best overall interest of the Council.

 

c)   
Authorise the Director of Assets to
dispose of the freehold interest in the assets, or in their absence
the Corporate Director of Resources.
 
Reasons for Decision:
 
To note the progress in respect of capital receipts
for the financial year 2024/25 and confirm the freehold interest in
the 4 assets can be sold to generate capital receipts, after a
review of the options to determine how the best overall interest of
the Council can be achieved.