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RESOLVED:
 
1.1.         
To approve the Annual Assets Disposal Plan (AADP)
for the financial year 2023/24, which includes lettings and
re-lettings, as set out in Appendix 1 of this report together with
indicative values in Appendix 2 (exempt appendix).

 
1.2.         
To delegate authority to the Corporate Director of
Resources and s151 Officer to agree the terms and final price for
each disposal included within the AADP.

 
1.3.         
To delegate authority to the Corporate Director of
Resources and S151 Officer, in consultation with the Cabinet Member
for Finance and Executive Mayor, to agree any variance to the list
of proposed disposals.

 
1.4.         
To delegate authority to the Corporate Director of
Resources and s151 Officer to agree terms for all lettings, leases
and rent review settlements for all Council assets.

 
1.5.         
The delegations in this report shall only be
exercised following:

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

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.
 
1.6.         
To note that the target value for disposals for 2023
/2024 is a minimum of £50m.
 
1.7.         
To note that progress against the AADP and any
variations, shall be reported to Cabinet annually.

 
1.8.         
To approve a re-drafting of the Financial
Regulations to reflect the proposed decision-making changes
relating to Assets, set out in this report (and any clarifications
thereto), to be reported to the Constitution Working Group with a
view to seeking recommendations from the General Purposes Committee
and/ or the Cabinet Member for Finance and the Executive Mayor in
Cabinet for onward recommendations to Full Council.