Decision details

22.1     The Lead Member considered a report by the Chief Operating Officer together with exempt information contained in a later report on the agenda.

Decision

22.2     The Lead Member RESOLVED to:

1)            approve the disposal of part of the site known as the Ridgeway (“the site”) shown in Appendix 1 in accordance with s123 of the Local Government Act 1992 and the Localism Act 2011;

2)            declare surplus part of the asset known as Ridgeway (“the property”) in Appendix 2;

3)            delegate authority to Chief Operating Officer to take all actions necessary to secure the disposal of the site, at best value in accordance with s123 of the Local Government Act 1972 and the Localism Act 2011; and

4)            to delegate authority to the Chief Operating Officer to proceed with the next best offer in the event of the sale not completing within the expected timelines.

Reason

22.3     The disposal of the asset will reduce revenue liabilities relating to the management and holding costs of this surplus asset.