To consider a report setting out an update on disposals and agreeing to declare specific properties surplus to requirements.

DECISION

1. To note the contents of this report;

2. To agree that the land and buildings (as shown in the maps in Appendix A) are surplus to requirement;

3. To agree to the disposal of the sites by informal tender;

4. To agree to the sale of the sites on 199 year leases;

5. To note that following a direction given by the Secretary of State on 17 December 2014, prior written agreement will be required from appointed Commissioners before disposing of these properties.

6. To authorise the Corporate Director, Development and Renewal to appoint external agents to support the marketing of the sites;

7. To authorise the Corporate Director, Development and Renewal to accept the best tender return for the sites on conclusion of the marketing exercises; and

8. To authorise the Corporate Director, Development and Renewal, following consultation with the Service Head – Legal Services, to agree the terms and conditions of any agreements required to implement the recommendations above.

9. To agree to proceed with the decision made on 5^th September 2012 to market and dispose of 329 Morville Street.

Action by:

CORPORATE DIRECTOR, DEVELOPMENT AND RENEWAL (A. DALVI)

(Service Head, Corporate Property and Capital Delivery (A. Sutcliffe)