A report by the Director of Law, HR and Asset Management sought authority to dispose of a number of assets to Registered Providers (formerly known as Registered Social Landlords) to secure the delivery of affordable housing.

The report further identified the need for a review of the existing disposals policy to cover such disposals in the future. It was proposed that a draft policy be brought to a future meeting of Cabinet as part of the review of the Council’s corporate Asset Management Plan and associated policies.

In response to Members queries regarding the low valuation of Esher House, The Head of Asset Management agreed to clarify the valuation detailed within the report and confirm in writing to the Cabinet Member – Streetscene and Transport Services and the Bidston and St. James Ward Councillors.

The Head of Asset Management further agreed to speak to Members after the meeting regarding YMCA, Manor House.

RESOLVED:  That

(1)  the assets identified in Appendix A to this report be declared surplus to the Council’s requirements;

(2)  those assets be disposed of to the registered provider identified in each case in Appendix A and the Director of Law, HR & Asset Management be instructed to negotiate detailed terms for each disposal;

(3)  authority be delegated to the Director of Law, HR and Asset Management in consultation with the Cabinet Member for Corporate Resources to agree the finally negotiated terms in each case; and

(4)  in the event that the preferred Registered Provider for any of the sites is unable to proceed with its acquisition within a reasonable time officers be authorised to negotiate terms with the next preferred Registered Provider as nominated by the Head of Housing Strategy.