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The Executive Mayor and
Cabinet, RESOLVED;
 
2.1 To note the progress made
on tranche 1 and 2 disposals.
 
2.2 To approve tranche 3 of
sites for disposals as set out in Appendix 1 of this report
together with indicative book values as set out in exempt Part B
Appendix 1.
 
2.3 To delegate authority to
the Corporate Director of Resources and s151 Officer to agree the
terms and final price for each disposal included within tranche
3.
 
2.4 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.
 
2.5 To note that the target
value for disposals for tranche 3 and that disposals of tranche 3
assets will commence immediately alongside tranche 1 & 2
disposals.