Decision - Disposal of Assets

Disposal of Assets

Decision Maker: Elected Mayor

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The submitted report set out a proposal to dispose of the following three surplus properties to provide asset management efficiency and cost savings:

¨ Asset T3025/1 87 Abbey Road, Torquay, TQ2 5NN;

¨ Asset P0478ZZ Ex Cemetery Lodge, 88 Colley End Road, Paignton, TQ3 3QX; and

¨ Asset P1070 (a) 289 Totnes Road, Paignton, TQ4 7HE.

Prior to the properties being sold, the community would be given the opportunity to bid for them in accordance with the Community Asset Transfer Policy.

The Mayor supported the recommendations of the Council made on 31 October 2011, as set out in his decision above.

Decision:

(i) that the three assets listed in Appendix 1 of the submitted report be declared no longer required for service delivery and that the Chief Executive of the Torbay Development Agency be requested to advertise their intended disposal in accordance with the Council’s Community Asset Transfer Policy; and

(ii) that, subject to any expressions of interest received in respect of (i) above, the Head of Commercial Services, in consultation with the Chief Executive of the Torbay Development Agency, be authorised to dispose of the assets listed in Appendix 1 of the submitted report.

Reasons for the decision:

Expenditure and repair liability across the Council’s assets significantly exceeds available resources. Disposal of surplus assets will reduce running costs and generate capital receipts which could be used to support the Council’s approved Capital Programme.

Alternative options considered:

The Council is required to ensure that its assets are fit for purpose and that it only holds assets for its strategic requirements. Whilst the extent of disposals and timing continues to be subject to review, to take no action would not be appropriate.

Implementation:

This decision will come into force and may be implemented on 11 November 2011 unless the call-in procedure is triggered (as set out in the Standing Orders in relation to Overview and Scrutiny).

Interests and Nature of Interests Declared:

None

Publication date: 03/11/2011

Date of decision: 31/10/2011

Effective from: 11/11/2011