Decision details

Purpose of Report: To recommend the sale of 17/21 Piccadilly and purchase of remaining freehold on Stonebow House.

Members are asked to approve the recommendationfor the sale of 17/21 Piccadilly based on the analysis of the bids received following the marketing of the property, and agree the purchase of the portion of the freehold on Stonebow currently owned by North Yorkshire County Council.

Resolved:        That Cabinet :

(i)           Approves the sale of Clementhorpe Maltings and land adjoining the A59/A1237 roundabout for the capital receipts detailed in confidential Annex 2.

(ii)          Approves the acquisition of the remainder of the freehold for Stonebow House for £62,250.

(iii)        Approve the sale of  the Former Manor School off market to ABF Ltd with delegation of the conclusion of negotiations to the Director of Customer and Business Support Services in consultation with the Cabinet Member for Finance Performance and Customer Services subject to the provision of adequate supporting valuations.

(iv)        Delegate the final evaluation and selection of a purchaser for 17-21 Piccadilly to the Director of Customer and Business Support Services in consultation with the Cabinet Member for Finance Performance and Customer Services subject to the provision of adequate supporting valuations.

Reason:     To support the economic development of the city and create jobs and provide capital receipts to fund the Council’s capital programme.