Issue - meetings

This report sets out details of progress made on a number of asset management projects involving the disposal of surplus assets and investing in other assets to assist in the delivery of key Council projects priorities.  Decisions are sought concerning disposal of buildings at Lower Darnborough Street, 17/21 Piccadilly, land at the former Manor School and land adjacent to the A59 roundabout, together with the acquisition of the remaining freehold part of Stonebow House.

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.

Consideration was given to a report which set out details of progress made on a number of asset management projects, involving the disposal of surplus assets, to assist in the delivery of key Council project priorities together with the acquisition of the remaining freehold part of Stonebow House. The proposed disposals related to:

·        ClementhorpeMaltings, Lower Darnborough Street

·        The former Manor School site

·        17/21 Piccadilly

·        Land adjacent to A59/A1237 Roundabout

It was noted that one of the key principles for the asset review of all Council property and land was to identify opportunities to generate capital receipts by rationalising and sharing the occupation of properties, thereby reducing the number of properties the Council owned and occupied.

The Leader acknowledged earlier comments and confirmed that no final decision had yet been made in relation to the site at 17/21 Piccadilly. However, he confirmed that it was the responsibility of the Council to ensure that it received best value from disposals.

Members also referred to speaker’s earlier comments confirming that the dereliction of the building on Piccadilly was a major concern to residents however it was hoped that the history and heritage of the site would be reflected in any future development.

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. ^1.

(ii)          Approves the acquisition of the remainder of the freehold for Stonebow House for £62,250. ^1.

(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. ^2.

(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.  ^3.

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