Issue - meetings

Report of the Cabinet Member for Resources, Leisure and Culture seeking approval for the principle of the sale of the Council’s freehold interest in the above property and to grant the necessary delegation to the Head of Property and Procurement for the disposal of the land, attached.

DECISION MADE: (Ref: CAB 11/12 7443)

On consideration of the report of the Cabinet Member forResources, Leisure and Culture, Cabinet agreed the following:

(i)  To approve the principle of the sale of the Council’s freehold interest;  and

(a)  To delegate authority to the Head of Property and Procurement to approve the preferred tender, agree the terms of the sale and carry out all ancillary matters to dispose of the site.

(b)  To note that the capital receipt will be used to reduce the current funding deficit in the capital programme.