Issue - decisions

Members considered a report which sought approval to sell the Council’s freehold interest in property at 3-4 Patrick Pool.

RESOLVED: (i)         That the freehold sale of the property by informal tender on the open market be approved, provided the best offer received is at or above the reserve figure.

REASON:      To secure a capital receipt to support the capital programme, and to bring the property back into a beneficial use.

                        (ii)        That the amendments to the Capital Receipts Schedule, as detailed in Annex 2, be approved.

REASON:      To retain the approved level of capital receipts needed to support the capital programme in the light of changed circumstances, and in particular to retain revenue income at existing levels.