Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 12, 2024

Purpose: To approval the disposal of specific assets

Content: RESOLVED   KEY DECISION   That the Executive:   i)               Determined the site detailed in the appendices to the report as surplus.   ii)              Delegated authority to the Executive Member for Highways, Travel and Assets, in consultation with the Assistant Director for Assets and Environment to progress the sale, and agree the market terms of Irthlingborough Chippings Store – Appendix A.     Reason for Recommendations:   The site has been confirmed as surplus through the Asset Management Review Group, and the Council should bring sites to the open market to contribute to wider economic development benefits in a reasonable time scale. It provides capital receipts for the Council and contributes towards capital projects in the capital programme.  This reduces capital borrowing costs. There are controls through the planning process, including consultation associated with that process, for the community to be engaged in the outcome of any change of use for development. Bringing sites forward for development can contribute to North Northants area housing supply and regeneration of the local area. Selling this site will result in the Council reducing its revenue holding costs. Any development will be regulated by Building Regulations including those supporting accessibility, and the requirement for reduced energy and environmental sustainability requirements.   Alternative Options Considered: The only other option would be to retain the site for operational use, which has been discounted.