Issue - meetings

Report of the Cabinet Member for Resources and Leisure seeking approval to the revised terms of the property sales set out in this report, attached.

DECISION MADE: (Ref: CAB 14/15 12972 )

On consideration of the report of the Cabinet Member for Resources and Leisure, Cabinet agreed the following:

(i)  To delegate authority to the Head of Property, Procurement and Health and Safety to negotiate and agree the terms of the sale following consultation with the Cabinet Member for Resources, and the Leader in respect of Marland House, and Culture and carry out all ancillary matters to dispose of the site on the basis of the terms set out in the confidential appendix.

(ii)  To note the estimated value of the capital receipt from these disposals has already been built into the funding of the capital programme, apart from the new receipt for 22 - 28 Above Bar. Any receipts that differ from the estimates will need to be considered corporately as part of any future prioritisation of resources as the intention is to use any additional capital receipts from disposals over and above those which are funding the current programme to repay long-term council borrowing.