Decision - Asset Disposal Process to support the Medium-Term Financial Strategy and achievement of Capital Receipts

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Decision details

Asset Disposal Process to support the Medium-Term Financial Strategy and achievement of Capital Receipts

Decision Maker: Policy & Resources Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

This report sets out the options for achieving the capital receipts that are critical to enabling the council’s Medium Term Financial Strategy, Capital Strategy and Investment programmes that contribute to service delivery and modernisation initiatives

Decision:

RESOLVED: That the Committee:

 

(i)            Agreed the criteria set out in paragraph 3.11 of this report for identifying non-HRA council-owned property and land as being suitable for disposal.

 

(ii)          Agreed that when the Council appropriates land from the General Fund to the Housing Revenue Account the sum paid to the General Fund should meet best consideration under Section123 of the Local Government Actb1972.

 

(iii)         Noted that any recommendations to dispose of land or property comply with the criteria and asset disposal process set out in paragraphs 3.11 and 3.12, and are brought to P&R committee with a business case for approval.

Report author: Ben Miles

Publication date: 19/03/2020

Date of decision: 19/03/2020

Decided at meeting: 19/03/2020 - Policy & Resources Committee

Accompanying Documents:

 


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