Issue - meetings

Capital Receipt Acceleration and Estate Rationalisation

Meeting: 21/10/2020 - Executive Board (Item 69)

69 Accelerated Capital Receipts and Estate Rationalisation pdf icon PDF 145 KB

To consider the report of the Director of City Development which, following on from the report presented to Executive Board in September2020 regarding the approach to Estate Realisation and generating Capital Receipts, provides more details of the proposed next tranche of accelerateddisposal properties which are targeting December auction dates.

 

 

Additional documents:

Minutes:

Further to Minute No. 46, 24th September 2020, the Director of City Development submitted a report regarding the approach to Estate Realisation and the generation of Capital Receipts. Specifically, the report provided more detail of the proposed next tranche of accelerated disposal properties which were targeting December 2020 auction dates.

 

Responding to a Member’s concern, the Board discussed and was provided with further information on the proposal regarding East Lodge, Temple Newsam Estate, with specific reference to the consultation process which had been undertaken in respect of this.

 

A Member’s comments regarding Leeds Sailing and Activities Centre were noted.

 

RESOLVED –

(a)  That the accelerated disposal of those properties as set out in Table 3.1 of the submitted report, which have already been agreed as part of the Capital Receipt Programme, be supported;

 

(b)  That the injection of those additional properties to be introduced into the Capital Receipt Programme, as set out in Table 3.2 of the submitted report, be agreed, with agreement also being given for those properties to be accelerated for disposal;

 

(c)  That it be noted that further reports will be presented to Executive Board providing updates on progress, and seeking approval to sell where properties do not from part of the current approved Capital Receipts Programme;

 

(d)  That it be noted that the disposal of properties and the identification of a strategic approach towards the Council’s estate is the responsibility of the Director for City Development.

 

(Under the provisions of Council Procedure Rule 16.5, Councillor Golton required it to be recorded that he abstained from voting on the decisions referred to within this minute.  Also, it was noted that whilst Councillor Lamb was attending the Board meeting in a non-voting capacity, were he able to, he would have abstained from voting on the decisions referred to within this minute)