Decision details

Monk Bar Garage - Future use of site

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:

Members are asked to consider options for disposal and development and approve a chosen option for the eventual sale of this site.

 

This report has been deferred from 30 January 2007 in order to consider further options

Decision:

RESOLVED: That Option A be approved and that the freehold of the Monk Bar Garage site be sold for the best consideration reasonably obtainable, on terms and conditions that are appropriate to achieve a successful sale.

 

REASON:      To ensure that the development potential of the site is fully utilised and that the maximum capital receipt is obtained to support the capital programme.

 

                        (ii)        That approval be given to vire £8,250 in lost rent from the provision in the general fund budget to the commercial property rental budget, pro rata, from the date of the sale.

 

REASON:      To ensure that the integrity of the Property Services budget is maintained, and for good financial purposes.

Publication date: 24/10/2007

Date of decision: 23/10/2007

Decided at meeting: 23/10/2007 - Executive - for meetings from 03/06/00 to 26/04/11

Effective from: 26/10/2007

Accompanying Documents:

 

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