The Director of City Development submitted a report presenting the updated position on work to generate revenue savings from the Council’s asset portfolio, through the Asset Review Programme which formed part of the Council’s Asset Management Plan 2014-17. In addition, the report also sought approval to the acquisition of three properties to achieve revenue savings and also to support the delivery of three key corporate programmes: Asset Review, Integrated Health & Social Care and Community Hubs.
Following the consideration of Appendix 4 to the submitted report, designated as exempt from publication under the provisions of Access to Information Procedure Rule 10.4 (3), which was considered in private at the conclusion of the meeting it was
(a) That the contents of the submitted report, specifically the progress made to deliver revenue savings through asset rationalisation, be noted;
(b) That the acquisition of Tribeca House, on the terms identified in exempt Appendix 4 to the submitted report, be approved;
(c) That the acquisition of the long lease interest in Deacon House, on the terms identified in exempt Appendix 4 to the submitted report, be approved, which will provide the Council with the unencumbered freehold interest in the site;
(d) That the acquisition of Unit 2, Killingbeck Court, on the terms identified in exempt Appendix 4 to the submitted report, be approved;
(e) That the necessary authority be delegated to the Director of City Development to agree the final detailed terms for the acquisitions;
(f) That the injection into the Capital Programme of the sums (as identified in exempt Appendix 4 to the submitted report), be approved and that authority also be given to spend the monies as required;
(g) That the ring fencing of the capital receipt from the sale of the Seacroft Library site be approved in order to contribute towards the acquisition cost of Deacon House;
(h) That it be noted that the Head of Asset Management is responsible for the implementation of the Asset Review Programme and the proposed acquisitions.