Decision details

(Cabinet Member with Special Responsibility Councillor Hamilton-Cox)

Cabinet received a report from the Chief Officer (Resources) which was exempt from publication by virtue of paragraph 3, of Schedule 12A of the Local Government Act 1972.

The options, options analysis, including risk assessment and officer preferred option, were set out in the exempt report.

Councillor Hamilton-Cox proposed, seconded by Councillor Leytham:-

“That the recommendations, as set out in the exempt report, be approved.”

Councillors then voted:-

Resolved unanimously:

(1)             That the land off Wyresdale Road, Lancaster, as shown hatched red, hatched green and edged blue on the plan attached to the exempt report, be declared surplus to requirements and disposed of on the terms and conditions as set out in section 2.4 of the exempt report.

(2)             That detailed terms for the completion of the sale and the lease renewal be referred back to Cabinet for final decision.

(3)             That Cabinet welcomes the additional capital receipt to be generated from the proposal, together with the resulting reduction in borrowing need and indicative revenue savings.

Officer responsible for effecting the decision:

Chief Officer (Resources)

Reasons for making the decision:

The Corporate Property Strategy requires the Council review its asset base and only retain those assets required to meet its agreed objectives and priorities. Where assets are not required for this purpose they should be disposed of at best value. This is an opportunistic sale, allowing the Council to improve the management of its assets.