Decision details
Proposed Sale of Mansfield Street Garage, Foss Islands Road, York
Decision Maker: Executive - for meetings from 03/06/00 to 26/04/11
Decision status: Decision Made
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
Purpose of report: The above property is a
former garage, originally acquired for a road improvement scheme
which did not proceed. It is about 200 sq m floor area, and has
been let within the Commercial Portfolio since transferring from
the County Council to City of York in 1996. It is now vacant. On
remarketing, interest was expressed in purchasing the building, and
this has been considered due to the need to find capital receipts,
because the building may require substantial repair works in the
future, and because the offers to purchase are potentially more
financially advantageous compared to re-letting.
Members are asked to: Decide whether to accept any bid to sell the
property as opposed to a re-letting.
Decision:
RESOLVED: That offer A, to purchase the property for the figure set out in Annex 1 to the report, be accepted and that the use of the sale proceeds to fund the capital programme be approved, thus generating a revenue saving to the Council.
REASON: In order to obtain the best return on this property, which is no longer required by the Council.
Report author: David Baren
Publication date: 02/11/2010
Date of decision: 02/11/2010
Decided at meeting: 02/11/2010 - Executive - for meetings from 03/06/00 to 26/04/11
Effective from: 05/11/2010
Accompanying Documents:
PDF 81 KB