Issue - items at meetings - Property Disposals - Update

Report of the Director of Finance & Resources (copy attached).

1.       That the contents of the report, the implications the implications of the current property climate and the progress achieved on disposals over 2008 – 09, together with impending transactions, be noted.

30.1    The Cabinet Member considered a report of the Director of Finance & Resources which gave an annual update on property disposals within the non-operational (investment) and operational portfolios, which incorporated a review of disposals undertaken over the past year (for copy see minute book). 

30.2    The Assistant Director, Property & Design, noted that despite the economic situation, good progress and outcomes had been achieved. She pointed out, however, that officers recognised the need to continue to prepare and to place the council in a good position so that when the market improved, the council would be ready to compete. 

30.3    RESOLVED - That, having considered the information and the reasons set out in the report, the Cabinet Member accepted the following recommendation:

(1)      That the contents of the report, the implications the implications of the current property climate and the progress achieved on disposals over 2008 – 09, together with impending transactions, be noted.