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RESOLVED:
 

1.1.        
To note the progress made on tranche 1
disposals.
 

1.2.        
To approve tranche 2 of sites for disposals as set
out in Appendix 1 of this report together with indicative values in
Appendix 1 (exempt appendix) of the Part B report.

1.3.        
To delegate authority to the Corporate Director of
Resources and s151 Officer to agree, in consultation with the
Executive Mayor and Cabinet Member for Finance, the terms and final
price for each disposal included within tranche 2.

1.4.        
The delegations in this report shall only be
exercised following:
 

i.                
sign off of a business
case/ financial assessment by the Corporate Management Team
(CMT)

ii.               
formal Red Book valuation, if required, on a
property to be sold; and

iii.             
formal marketing unless there is a clear special
purchaser or offer made considerably in excess
of the market value.
 

1.5.        
To note that the target value for disposals for
tranche 2 is £24.8m and that disposals of tranche 2 assets
will commence immediately alongside tranche 1 disposals.
 

1.6.        
To seek approval to commence consultation with the
Voluntary Community and Faith Sector (VCFS) on the proposed
amendments to the Community Asset Transfer (CAT) Policy set out in
paragraphs 4.15 to 4.21 and to delegate authority to the Corporate
Director of Resources and S151 Officer, in consultation with the
Executive Mayor and Cabinet Member for Communities and Culture, to
approve a final amended CAT Policy (Draft in Part A Appendix 3)
having considered the feedback provided through the consultation
with VCFS organisations.