Disposal of freehold in Centre of the City - JUL18/CMDN/24
Decision Maker: Leader of the Council and Deputy Mayor of the Cambridgeshire and Peterborough Combined Authority
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet Member authorised the disposal of the freehold of Bayard Place on the terms set out in the exempt annex.
Reasons for the decision:
To avoid costs associated with holding surplus assets, and to maximise the capital receipt income for the council, in accordance with the Asset Management Plan, Appendix N, Medium Term Financial Strategy (MTFS) 2018/19-2020/21
Alternative options considered:
The various options for the disposal of Bayard Place that have been considered are set out in the exempt annex to this report.
Interests and Nature of Interests Declared:
· Peterborough City Council - Decision - Council Office Consolidation - MAR16/CAB/16
· Medium Term Financial Strategy 2018/19-2020/21, Appendix N Asset Management Plan
Publication date: 26/07/2018
Date of decision: 26/07/2018
Effective from: 01/08/2018