Decision details

Purpose of report: To ask for approval of demolition of the school buildings prior disposal of the site. And to approve that the work is funded from prudential borrowing.

Members are asked to: Approve both the recommendations.

RESOLVED: (i)         That the demolition of the buildings at the former Lowfields site, and the funding of this work from the capital receipt resulting from the sale of the site, be approved.

                        (ii)        That approval be given to use the property services revenue budget, as required, to:

a)fund the finance costs incurred as a result of the timing differences between the demolition costs being incurred and the capital receipt being realised

                                    or

                                    b)         fund the demolition costs from the surplus property fund budget if the site is not sold.

REASON:      To eliminate a target for vandalism, arson and anti-social behaviour, resulting in savings on security and maintenance costs, a reduction in nuisance to local neighbours and a reduction in the drain on police and fire service resources.