Issue - meetings

Report of Cabinet Member for Finance and Assets and Deputy Leader, Councillor Peter Jeffries

RESOLVED THAT:

1.    authority is delegated to the Director for Finance & Assets, in consultation with the Cabinet Member for Finance & Assets and Deputy Leader, to dispose of 6 Saville Close in two lots for best consideration and upon such other terms as are deemed appropriate; and

2.    the Director for Finance & Assets, in consultation with Deputy Leader and Cabinet Member for Finance & Assets and the Director of One Legal, is authorised to prepare and conclude the necessary legal documentation to reflect the terms negotiated for 6 Saville Close and the separate garden lot.

The Cabinet Member for Finance and Assets thanked officers for their hard work on the report.  The property was discussed at a previous Cabinet and the team has worked through the issues, arising from the fact that the property has a unique and dramatic garden, but the plot is now being divided and taken forward as two lots for disposal, to increase its value.  The capital receipt will be reinvested in housing priorities and regeneration.

The Cabinet Member for Housing said the report proposed great use of the space for two new homes, and congratulated the Cabinet Member for Finance and Assets and officers for their recommendation.

The Leader recalled the days when the council owned a lot of unused buildings, and it was important when starting on its the commercial journey that the council made its assets work for it to support local residents without having to cut any services.

RESOLVED THAT:

1.    authority is delegated to the Director for Finance & Assets, in consultation with the Cabinet Member for Finance & Assets and Deputy Leader, to dispose of 6 Saville Close in two lots for best consideration and upon such other terms as are deemed appropriate; and

2.    the Director for Finance & Assets, in consultation with Deputy Leader and Cabinet Member for Finance & Assets and the Director of One Legal, is authorised to prepare and conclude the necessary legal documentation to reflect the terms negotiated for 6 Saville Close and the separate garden lot.