Issue - meetings

    Report by Executive Director, Alistair Cunningham 

Cllr Toby Sturgis, Cabinet Member for Spatial Planning, Development Management and Strategic Property presented the report about the current position in respect of capital receipts and confirmed the freehold interest in the assets to be sold to either generate capital receipts in support of the Council’s capital programme or reuse to generate income for the Council. 

Cllr Sturgis reminded the Cabinet that they approved a revised approach to the disposal of surplus assets at their meeting on 26 March 2019. He confirmed that once an asset was declared surplus it would then be considered by the Asset Gateway Group to determine the best financial return for the Council, during which time other uses of the site would be considered. 

The Cabinet heard from Cllr Thorn, Chairman of the Financial Planning Task Group, who confirmed that the Task Group had considered the report at their meeting on 6 June 2019 and were satisfied with the process undertaken.

Cllr Thomson, Deputy Leader, and Cabinet Member for Communications, Communities, Leisure and Libraries, and interim – Adult Social care, Public Health and Public Protection, thanked Cllr Sturgis for including Lower Stanbridge Farm, Sherston, as a site to be declared surplus to allow for the development of community facilities in the area.

Resolved:

1.    That the position in respect of disposals for financial years 2019/20, 2020/21 and 2021/22 be noted.

2.    To confirm that the freehold interest of the 6 assets detailed in Appendix 3 can be sold by the Council.

3.    That the Director for Housing and Commercial Development be authorised, in consultation with the Cabinet member for Spatial Planning, Development Management and Property, and Cabinet member for Finance, Procurement, ICT and operational Assets to dispose of the freehold interest in the assets or in his absence the Executive Director for Growth, Investment and Place, following the process for asset disposal via the asset gateway group set out in appendix 1 of the report.

Reason for Decision:

To note the current position in respect of capital receipts and confirm the freehold interest in the assets can be sold to either generate capital receipts in support of the Council’s capital programme or reuse to generate income for the Council.