Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To seek the agreement of Cabinet to progress disposal of surplus land and property within the adopted asset disposal process.
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.
|
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.
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: