Issue - meetings

Meeting: 07/07/2025 - Cabinet (Item 26)

26 EXEMPT - SALE OF INDUSTRIAL LAND

Additional documents:

Decision:

The Chair of the Corporate Performance Panel has given agreement that this decision could be considered without being advertised on the Forward Decision List for the full 28 days and a General Exceptions Notice had been published.

 

RESOLVED:

 

Cabinet Resolves:

1 To sell the land identified in the report for £575,000 plus VAT.

2 To delegate authority to the Assistant Director Property and Projects to finalise all terms of the proposed disposal.

3 To authorise Legal Services Manager to complete all necessary sale documentation in respect of the site.

 

Reason for Decision

 

The site was recognised as surplus following an asset review in 2007, and the capital receipt will support the Council’s budget. Officers have validated through independent valuation that the sale price meets best consideration.

Minutes:

The Chair of the Corporate Performance Panel had given agreement that this decision could be considered without being advertised on the Forward Decision List for the full 28 days.

 

The Vice- Chair, Councillor Ring and the Assistant Director for Property and Projects presented the report to Cabinet and responded to questions and comments from Cabinet Members

The Monitoring Officer responded to questions on the report from a legal aspect.

 

RESOLVED:

 

1 To sell the land identified in the report for £575,000 plus VAT.

2 To delegate authority to the Assistant Director Property and Projects to finalise all terms of the proposed disposal.

3 To authorise Legal Services Manager to complete all necessary sale documentation in respect of the site.

 

Reason for Decision

 

The site was recognised as surplus following an asset review in 2007, and the capital receipt will support the Council’s budget. Officers have validated through independent valuation that the sale price meets best consideration.