Purpose

To agree an Asset Disposal Strategy.

Content

The Executive
RESOLVED

That  (i)    the Asset Disposal Timeline
strategy for the period 2024/2027 be endorsed;

         
(ii)   it be noted that the
timeline will be subject to continuous and ongoing review during
its lifetime as market conditions/ circumstances/ imperatives
change;

         
(iii)  it be noted that the Timeline
will be utilised as the guide programme to continue with the
disposal of appropriate assets subject to (iv) below; and

         
(iv)  it be noted that each appropriate
disposal going forward will be subject to individual Executive
approval reports.

Reason:   To continue with the
current managed disposal strategy as identified within the
Improvement and Recovery Programme published in August 2023 to
rationalise the property assets to reduce the current borrowing
debt.