URL: https://democracy.croydon.gov.uk/ieDecisionDetails.aspx?ID=2362

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: The Executive Mayor and Cabinet, RESOLVED;   2.1 To note the progress made on tranche 1 and 2 disposals.   2.2 To approve tranche 3 of sites for disposals as set out in Appendix 1 of this report together with indicative book values as set out in exempt Part B Appendix 1.   2.3 To delegate authority to the Corporate Director of Resources and s151 Officer to agree the terms and final price for each disposal included within tranche 3.   2.4 The delegations in this report shall only be exercised following: i. sign off of a business case/ financial assessment by the Corporate Management Team (CMT) ii. formal Red Book valuation, if required, on a property to be sold; and iii. formal marketing unless there is a clear special purchaser or offer made considerably in excess of the market value.   2.5 To note that the target value for disposals for tranche 3 and that disposals of tranche 3 assets will commence immediately alongside tranche 1 & 2 disposals.  

Date of Decision: December 4, 2024