Issue - meetings

(Cabinet Member with Special Responsibility Councillor Hamilton-Cox)

Report of the Head of Resources

(Cabinet Member with Special Responsibility Councillor Hamilton-Cox)

Cabinet received a report from the Head of Resources to consider the revised options for the disposal of land at Wellington Terrace, Morecambe 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 option 1, as set out in the exempt report, be approved.”

Councillors then voted:-

Resolved unanimously:

(1)        That option 1, as set out in the exempt report, be approved.

Officer responsible for effecting the decision:

Head of Resources

Reasons for making the decision:

The proposal supports the objective of the Morecambe Action Plan to address housing related issues in the central area of Morecambe and the Housing Strategy. The proposal will also support 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.