Purpose

This report reviews previous committee
decisions and sets out a strategy for the ownership and management
of non-HRA residential property.

Content

1)            
That Committee notes the previous Committee
decisions detailed in Appendix 1 of Part 2 of this report granting
authority for the disposal of residential properties listed in
paragraphs 3.2 and 3.3 of Part 2 of this report.
 
2)            
That Committee agrees to the disposal of additional
vacant residential properties listed in paragraph 3.5 of Part 2 of
this report and delegates authority to the Executive Director
Economy, Environment and Culture and the Assistant Director Legal
and Democratic Services to approve terms and take any necessary
steps to facilitate this recommendation.
 
3)            
That Committee agrees to the disposal of residential
properties listed in paragraph 3.8 and 3.9 of Part 2 of this report
and delegates authority to the Executive Director Economy,
Environment and Culture and the Assistant Director Legal and
Democratic Services to approve terms and take any necessary steps
to facilitate this recommendation.
 
4)            
That Committee agrees that 20% of the net proceeds from the
disposal of the properties within the City Downland Estate
identified in paragraphs 3.8 and 3.9 of the Part 2 report are
ringfenced for the implementation of the City Downland Estate Plan
priorities as set out at paragraph 3.17;
 
5)            
That Committee agrees that the net proceeds from the disposal of
properties identified in paragraphs 3.2 and 3.3 of the Part 2
report, previously approved for disposal, be decoupled from
investment in the Stanmer Traditional Agricultural Buildings and
instead be allocated to support capital investment in line with the
council’s approved capital strategy as set out at paragraph
3.18 of the report. 
 
6)            
That the net proceeds from the disposal of the
properties identified in paragraph 3.5 of the Part 2 report are
allocated to support capital investment in line with the
council’s approved capital strategy as described in paragraph
3.18.