Issue details

Approach to Disposal of Assets and Property Acquisitions

A report setting out the governance structure behind disposal of surplus assets and property acquisitions

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 25/02/2019

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
The Council have been given the opportunity to make a commercial property acquisition and this is time critical. The site will be put on the open market but the Council have been given an opportunity to make an offer for the purchase. The sale is linked to another development by a company and certain information is required prior to commencement of development. Obtaining the "in principle" decision to purchase may be sufficient for this company to start the development process and generate private investment in the site.

The Chairman of the Overview and Scrutiny Committee was notified of this late key decision being an exempt item on 7 March 2019. He has duly given his consent for this item to be considered at the 26 March 2019 meeting bearing in mind the reasons for a decsion, as detailed above.

Decision due: 26 Mar 2019 by Cabinet

Lead member: Cllr Toby Sturgis, Cabinet Member for Spatial Planning, Development Management and Property, Cllr Philip Whitehead

Lead director: James Barrah (Director - Assets)

Department: Assets

Contact: Mike Dawson, Head of Estate and Development Email: Tel: 012257 13250.

Consultation process

The content of the report and overall approach to be taken has been discussed with Cabinet over a period of time and comments have been reflected in the report.



  • Approach to Disposal of Assets and Property Acquisitions