Purpose

To agree an asset sale.

Decision

The Executive Resolved

That  (i)    following a competitive open market disposal process, the site be sold freehold to the recommended bidder; and

          (ii)   authority be delegated to the Strategic Director - Corporate Resources, in consultation with the Portfolio Holder, to complete the sale.

Reason: To secure the proposed regeneration of The Red House and or to bring the site back into full commercial use and to realise the capital value as part of the current managed site disposal process.