Issue - meetings

To receive a report from the Chief Executive

That Cabinet,

a)    Note the year end position in respect of receipts for the financial year

2023/4.

b)    Approve the sale of the freehold interest of the five assets in Appendix 2 to generate capital receipts in support of the Council’s capital programme, if deemed in the best overall interest of the Council.

c)    Authorise the Director of Assets to dispose of the freehold interest in the assets, or in their absence the Deputy Chief Executive & Corporate Director of Resources.

Reason for Proposals 

To note the year end position in respect of capital receipts for the financial year 2023/24, and confirm the freehold interest in the 5 assets can be sold to generate capital receipts,after a review of the options to determine how the best overall interest of the Council can be achieved. 

Cllr Tamara Reay, Cabinet Member for Transport and Assets, introduced the report and the procedural requirements in order for the council to consider the potential disposal of the assets detailed within that report. Details were provided in particular regarding a site in Calne.

Cllr Graham Wright, raised a query regarding engagement with local members where an asset was considered for disposal, which it was explained in part depended on the asset and the options for disposal.

At the conclusion of discussion, and on the motion of Cllr Tamara Reay, seconded by Cllr Richard Clewer, it was then,

Resolved:

That Cabinet,

a)    Note the year end position in respect of receipts for the financial year

2023/4.

b)   Approve the sale of the freehold interest of the five assets in Appendix 2 to generate capital receipts in support of the Council’s capital programme, if deemed in the best overall interest of the Council.

c)    Authorise the Director of Assets to dispose of the freehold interest in the assets, or in their absence the Deputy Chief Executive & Corporate Director of Resources.

Reason for Proposals 

To note the year end position in respect of capital receipts for the financial year 2023/24, and confirm the freehold interest in the 5 assets can be sold to generate capital receipts,after a review of the options to determine how the best overall interest of the Council can be achieved.