Purpose

To agree an asset sale.

Decision

The Executive Resolved

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

        (ii)  authority be delegated to the Strategic Director – Finance and Resources, in consultation with the Portfolio Holder, to complete the sale; and

        (iii)  the commercially sensitive information in support of the recommendation to dispose set out in the Part II report, be noted.

Reason:  To realise the capital value as part of the current managed site disposal process and to bring forward the redevelopment of a site which has been vacant for some years.