Issue - meetings

(Cabinet Member with Special Responsibility Councillor Hamilton-Cox)

Report of Chief Officer (Resources)

(Cabinet Member with Special Responsibility Councillor Hamilton-Cox)

Cabinet received a revised report from the Chief Officer (Resources) to report back detailed terms for the completion of the sale and the lease renewal of land forming part of Lancaster Leisure Park for a final decision.  The report 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 revised exempt report.

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

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

Councillors then voted:-

Resolved unanimously:

(1)          That the land off Wyresdale Road, Lancaster, as shown hatched red on the plan attached to the exempt report, be disposed of on the terms and conditions as set out in section 2 of the exempt report.

Officer responsible for effecting the decision:

Chief Officer (Resources)

Reasons for making the decision:

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 opportunistic sale, allowing the Council to improve the management of its assets.