Decision details

Purpose of Report: To present to Executive options for the disposal of 29 Castlegate following the decision to relocate and reconfigure services currently operating from the building.

Members are asked to consider and make a decision on the options for the disposal of 29 Castlegate.

This item was deferred to the January Executive as officers were still awaiting the final external valuation of this building before opening negotiations for the sale.  It was then deferred to March to allow time for the accurate valuation of disposal options.

It has now been deferred to the April Executive to allow ongoing negotiations to continue to ascertain the best value.

Resolved:   That the Executive agrees:

(i)      The disposal of the freehold of 29 Castlegate to York Conservation Trust for £431,250;

(ii)      To delegate to the Director of Economy and Place, in consultation with the Executive Member for Finance and Performance, to agree the final terms of sale that provide adequate safeguards/controls to the Council to protect the property from future commercial sale.

Reason:      To obtain a substantial capital receipt and also considerable social value in enabling disabled access to and the development of an improved leisure and historic attraction in conjunction with the adjoining Fairfax House.