Purpose

To seek approval to the disposal on the open
market of freehold BCC assets which have been identified by the
Estates Rationalisation Board as being surplus to the
Council’s requirements.

Content

That Cabinet

1.     
Approved the 7 assets listed in Appendix A1 be declared surplus to
Council requirements and subject to them not being considered
suitable for HRA transfer, or sold to a registered provider, to be
disposed of on the open market for the best consideration.

2.     
Authorised the appropriation of any suitable properties listed in
Appendix A2 to the HRA if required.

3.     
Authorised the Head of Corporate Landlord, in the event the
properties listed in Appendix A2 are not required by the HRA, to
place the properties with property agents using existing framework
contracts.

4.     
Authorised the Head of Corporate Landlord in consultation with the
Deputy Mayor with responsibility for Finance, Governance and
Performance in accordance with the Council’s scheme of
delegations, and S151 Officer, to take all steps required for
disposal of the assets whilst ensuring best value is obtained for
each property.