Decision details

To consider a report on the approach to the disposal of assets in 2021/22.

(a)  That the commencement of the Asset Disposal Project be noted;

(b)  That the sequential disposal methodology outlined in 5.3 to 5.10 of the report with regards GF asset disposals for the financial years  2021/2022 and 2022/2023 be approved.

(c)  That delegated authority be given to the Executive Director of Place, following consultation with the appropriate lead member, after consultation with the S151 and Monitoring Officer to dispose of GF assets up to a value of £1m (exclusive of any applicable VAT) subject to proper legal and valuation advice. 

(d)  That it be noted that any proposed GF asset disposals above £1m and/or that were of particular community/public interest would be presented to Cabinet under separate report(s) during the course of this disposals project.

(e)  That a further report updating Cabinet on the Asset Disposal Project would be presented to the Cabinet in December 2021.