Purpose

Review of all Locality Assets.

Decision

Cabinet:
 
1. Noted the Localities Asset Review report contained in the
exempt Appendix1.
 
2. Agreed that Estates and Finance, following a period of
engagement with the public, the operators of the sites as well as
elected members, and dependant upon the outcome of
that engagement, looks to dispose of those locality assets
highlighted in the report as being potentially suitable as surplus
to requirements and for repurposing up to a maximum disposal price
of £500,000. This is subject to any final terms to be
delegated to the Executive Director of Corporate Services and
Director of Legal after consultation with the Cabinet Member for
Finance and Property.
 
3. Noted that where any proposed sale of an asset is in excess
of £500,000 it will be brought back to Cabinet for specific
approval to dispose on a case by case basis.
 
4. Noted that, on a case by case basis, a proportion of the
savings in revenue are ringfenced to be invested in the remaining
assets to support the proposals in the report.
 
5. Noted that, on a case by case basis, a proportion of the
Capital receipts may be ringfenced to fund the costs of sale, costs
of relocation and repurposing of assets and investment into the
retained portfolio.
 
6. Noted that Directors will report to Growth, Resources and
Communities Scrutiny Committee in January with further details of
the proposed Locality Asset Review recommendations and timings
following further consultation.
 
7. Approved the Draft Community Asset Transfer Policy contained
in Appendix 2.