Issue - meetings

Report of the Chief Executive

Cllr Phil Alford, Cabinet Member for Housing, Strategic Assets and Asset transfer presented the report which provided detail about (i) capital receipts targets for the last three years and the new targets for the next two financial years; and (ii) to confirm the freehold interest in the assets can be sold to either generate capital receipts in support of the Council’s capital programme or reused to generate income for the Council.

In response to a question raised by Cllr Ian Thorn about the disposal of the former Ambulance and Fire Station and whether this could be offered to Calne Town Council. Cllr Alford confirmed that all assets surplus to the core requirements of the Council are available for alternate uses. One option being disposal where the capital realised can then be used to support further investment. However, all assets would have to follow the agreed processes for disposal.

In response to a question from Cllr Gavin Grant about the role of the Stone Circle Companies in the reallocation of surplus assets; Cllr Alford and officers confirmed that Appendix 1 contained detail about the process for surplus assets and the review process for commercial opportunity. 

Resolved:

·       To note theposition inrespect of disposalsfor financialyears 2021/22and theprojected receipts for 2022-4.

·       To confirm that the freehold interest of the 3 assets can be sold by theCouncil.

·       To authorise the Director for Housing and Commercial Development todispose of the freehold interest in the assets or in his absence theCorporate Director – Resources, following consultation with the CabinetMember for Leisure, Libraries, Governance, Facilities Management andOperational Assets; and Cabinet Member for Strategic Assets and Asset  Transfer.

Reason for decision:

To note the current position in respect of capital receipts and the new targets for the next two financial years 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.