Decision details

Asset Management - Disposals

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To seek the agreement of Cabinet to progress disposal of surplus land and property within the adopted asset disposal process.

Decision:

1.  Cabinet agreed to the sites contained in Table 1 below as being surplus and authorise the estates team to progress through the disposal framework.

 

Table 1

Annex Number

Asset Number

Site

Proposal

1

455/1-1

4c York Street, Ramsgate

Dispose of freehold for capital receipt.

2

402/1-1

Bell Meadow St Nicholas-at-Wade

Dispose of freehold for the benefit of the community

3

No asset no

Princes Road Store Ramsgate

Dispose of freehold for capital receipt.

4

1808/1-2

Leigh Road Security hut and adj land Ramsgate

Dispose of freehold for capital receipt

5

317/3-1

Land at Steven Court, Ramsgate

Leased for many years to the residents of Steven Court who use as garden land, disposal freehold subject to charge to remain as garden land.

6

388/2- various

York Gate House, Broadstairs and Broadstairs Pavillion

Disposal of freehold for capital receipt.

7

59/1-1

Land at Covell’s Row Margate

Disposal of freehold for capital receipt

8

12/5-2

Former promenade toilets adj to Seaview Terrace Margate

Disposal of freehold for capital receipt

9

No asset no.

Land at Clarenden Road Margate

 

Disposal of freehold for capital receipt.

 

 

Reasons for the decision:

The medium term financial plan documents the continuing financial constraints that the Council has over the next four years. The Council needs to reduce the corporate portfolio if is it is to achieve the financial targets in the financial plan and by reducing the liabilities it will put less pressure on the Council to raise and pass on cost increases for service provision.

Alternative options considered:

There are no financially viable alternatives. Should the council decide to retain all or some of these properties then it will need to secure additional funding to keep them on the portfolio and this money would need to be found by taking it from capital receipts and therefore reducing its capital programme, and or taking additional monies from the repairs reserves fund.

Report author: Edwina Crowley

Publication date: 21/01/2015

Date of decision: 20/01/2015

Decided at meeting: 20/01/2015 - Cabinet

Effective from: 29/01/2015

Accompanying Documents: