Decision details

Review of all Locality Assets.

Cabinet:

1. Noted the Localities Asset Review report contained in the exempt Appendix1.

2. Agreed that Estates and Finance, following a period of engagement with the public, the operators of the sites as well as elected members, and dependant upon the outcome of that engagement, looks to dispose of those locality assets highlighted in the report as being potentially suitable as surplus to requirements and for repurposing up to a maximum disposal price of £500,000. This is subject to any final terms to be delegated to the Executive Director of Corporate Services and Director of Legal after consultation with the Cabinet Member for Finance and Property.

3. Noted that where any proposed sale of an asset is in excess of £500,000 it will be brought back to Cabinet for specific approval to dispose on a case by case basis.

4. Noted that, on a case by case basis, a proportion of the savings in revenue are ringfenced to be invested in the remaining assets to support the proposals in the report.

5. Noted that, on a case by case basis, a proportion of the Capital receipts may be ringfenced to fund the costs of sale, costs of relocation and repurposing of assets and investment into the retained portfolio.

6. Noted that Directors will report to Growth, Resources and Communities Scrutiny Committee in January with further details of the proposed Locality Asset Review recommendations and timings following further consultation.

7. Approved the Draft Community Asset Transfer Policy contained in Appendix 2.

The reason for the recommendations as set out in the Report, are to deliver:

· A smaller portfolio of Localities Assets.

· An investment plan to ensure retained assets are fit for purpose to be funded wholly or in part via the disposals plan.

The key alternative option would be to not implement a review of localities assets and to retain the status quo. This is not a viable option as the Council cannot afford to bring its current estate into an acceptable standard and therefore a rationalisation of the assets is required to reduce the operational costs and maintenance backlog.

There were none.

There were none.