Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: April 24, 2025

Purpose: This report seeks agreement of the strategy and approach for the disposal of capital assets to support the council's priorities and funding objectives

Content: 1)             Cabinet approves the Capital Asset Strategy which comprises the 5 principles set out in paragraph 3.6.   2)             Cabinet agrees to the appropriation for housing purposes or disposal of the assets identified at paragraph 3.8 and in Part 2 of this report in the manner set out in this report.   3)             Cabinet delegates authority to the Director Property & Finance in consultation with the Director Governance & Law and the Cabinet Member for Finance and City Regeneration to approve terms and take any necessary steps to facilitate and complete the appropriation for housing purposes or disposals of the properties identified in the Part 2 report and achieve best consideration.