Issue - meetings

(Cabinet Member with Special Responsibility Councillor Hamilton-Cox)

Cabinet received a report from the Head of Property Services 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:-

“(1)      That approval be given to the selling of 0.344 acres of land at Wellington Terrace, Morecambe as shown on the plan attached to the exempt report, on the terms and conditionsset out in the exempt report.

(2)        That the shortfall in capital receipts be taken into account in re-assessing the 2012/13 Capital Programme, for reporting to Cabinet in  due course.”

Councillors then voted:-

Resolved unanimously:

(1)        That approval be given to the selling of 0.344 acres of land at Wellington Terrace, Morecambe as shown on the plan attached to the exempt report, on the terms and conditionsset out in the exempt report.

(2)        That the shortfall in capital receipts be taken into account in re-assessing the 2012/13 Capital Programme, for reporting to Cabinet in  due course.

Officers responsible for effecting the decision:

Head of Property Services

Head of Financial Services

Reasons for making the decision:

The decision supports the objective of the Morecambe Action Plan to address housing related issues in the central area of Morecambe and the Housing Strategy and is consistent with the Corporate Plan and coalition priorities to implement housing renewal and neighbourhood management in the Poulton Ward.

The Corporate Property Strategy requires that 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 opportunity sale and removes a liability from the City Council’s property portfolio and is an opportunity for the Council to improve the management of its assets.