Decision details

Report of the Cabinet Member of Resources, Leisure and Culture seeking approval of the principle of the sale of the Council’s freehold interest in a former care home site and grant the necessary delegation to the Head of Property and Procurement for the disposal of the land.

(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.

1. To enable the redevelopment of a cleared site thereby delivering significant environmental improvements and the promotion of the regeneration of the area.
2. To realise a significant capital receipt.

1.  Do nothing.

2.  The subject property could be retained in Council ownership; however this would have a number of disadvantages including:

·  Would not generate a Capital Receipt 

·  Once the buildings are demolished this could attract security risks if the site is left vacant for an extended period. 

·  There are no Council requirements for this property.

On-going security costs if site hoardings are vandalised.