Issue - meetings

To consider Surplus Property Disposals.

Contact: Alistair Kimpton: Strategic Manager, Logistics

RESOLVED –

1)    That approval be given to the disposal of the land and property within the Capital Receipts Schedule December 2025 as appended to the considered report, to support the Council’s income targets subject to consultation with the Portfolio Holder for Finance and Regeneration.

2)    That authority be delegated to the Executive Director for Place to negotiate and agree terms and complete the sales of any land and property identified within the Capital Receipts Schedule December 2025 to support the Council’s income targets on such terms as officers deem most appropriate.

3)    That authority be delegated to the Service Director – Legal, Governance and Commissioning authority to enter into all agreements necessary to affect any of the disposals.

(Under the provision of Council Procedure Rule 36(1) Cabinet received representations from Councillors J C Lawson and Cooper).

Cabinet considered a report which sought approval to the disposal of land and property as outlined within the Capital Receipts Schedule as appended to the report.

Cabinet noted that the Council had a capital receipts target of £6M in Financial Year 2025/6 and £4M in 2026/7 with sites for disposal either at auction, private treaty or through freehold reversion based on previous cabinet reports and the scheme of delegations. The report advised that whilst there were some assets declared surplus in previous Cabinet reports that were still to be disposed of, by identifying additional assets as surplus, it provided further opportunities to support the Capital Plan through capital receipts either in 2026/27 or future years for which further targets of £4M had been set.

RESOLVED –

1)    That approval be given to the disposal of the land and property within the Capital Receipts Schedule December 2025 as appended to the considered report, to support the Council’s income targets subject to consultation with the Portfolio Holder for Finance and Regeneration.

2)    That authority be delegated to the Executive Director for Place to negotiate and agree terms and complete the sales of any land and property identified within the Capital Receipts Schedule December 2025 to support the Council’s income targets on such terms as officers deem most appropriate.

3)    That authority be delegated to the Service Director – Legal, Governance and Commissioning authority to enter into all agreements necessary to affect any of the disposals.