Decision - Asset Disposal Process to support the Medium-Term Financial Strategy and achievement of Capital Receipts
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Decision details
Asset Disposal Process to support the Medium-Term Financial Strategy and achievement of Capital Receipts
Decision Maker: Policy & Resources Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
This report sets out the options for achieving
the capital receipts that are critical to enabling the
council’s Medium Term Financial Strategy, Capital Strategy
and Investment programmes that contribute to service delivery and
modernisation initiatives
Decision:
RESOLVED: That the Committee:
(i) Agreed the criteria set out in paragraph 3.11 of this report for identifying non-HRA council-owned property and land as being suitable for disposal.
(ii) Agreed that when the Council appropriates land from the General Fund to the Housing Revenue Account the sum paid to the General Fund should meet best consideration under Section123 of the Local Government Actb1972.
(iii) Noted that any recommendations to dispose of land or property comply with the criteria and asset disposal process set out in paragraphs 3.11 and 3.12, and are brought to P&R committee with a business case for approval.
Report author: Ben Miles
Publication date: 19/03/2020
Date of decision: 19/03/2020
Decided at meeting: 19/03/2020 - Policy & Resources Committee
Accompanying Documents:
PDF 210 KB