Issue - meetings

Report of the Cabinet Member for Economic Development for the disposal and development of assets.

Report of the Cabinet Member for Economic Developing seeking detailing the Asset Development and Disposal Programme (ADDP).

RESOLVED:

(i)  To approve the overall Asset Development and Disposal programme and disposal of assets (as detailed in Appendix 2 and 3) which includes assets with a combined value at over £5M.

To consider the report of the Cabinet Member for Economic Development for the disposal and development of assets.

DECISION MADE: (CAB 23/24 44995)

On consideration of the report of the Cabinet Member for Economic Development, having also received representation from Sue Atkins, Trade Unionist and Socialist Coalition, Cabinet approved the following:

(i)  To consider the principles of Aecom’s report (Appendix 1) when determining recommendations ii to iv below on the retention, development and disposal of council-owned assets across the council’s corporate and operational portfolio.

(ii)  To approve the Asset Development and Disposal Programme and progression of the corporate and operational properties recommended for disposal/ development as detailed in Appendix 2 of this report).

(iii)  To approve the Asset Development and Disposal Programme and progression of investment properties for disposal and regeneration (as outlined in Appendix 3 of this report).

(iv)  To delegate authority to the Executive Director Growth and Prosperity, following consultation with the Cabinet Member for Economic Development, the Cabinet Member for Finance and Change, the Executive Director Corporate Services, and the Director of Legal and Governance, to progress and implement asset disposal and asset development and regeneration opportunities within the scope of the ADD Programme (as outlined in Appendix 2 and Table 1 & 2 of Appendix 3).