Issue - meetings

    Report by Executive Director Alistair Cunningham OBE.

Cllr Toby Sturgis, Cabinet Member for Spatial Planning, Development Management and Investment 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 responded to questions in relation to (i) Christie Miller site and the need to resolve issues relating to covenants prior to marketing the site, and (ii) keeping local members informed of progress in relation to the vacant land at Castledown, Ludgershall.  

The Leader reminded the Cabinet that they had 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. 

Resolved:

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

2. That the freehold interest of the 6 assets to be sold by the Council be confirmed.

3. To authorise the Director for Housing and Commercial Development to dispose of the freehold interest in the assets or in his absence the Corporate Director for Growth, Investment and Place.

Reasons 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.