Decision details

(i)         that approval be given to the disposal of the Council’s loft spaces, as set out in paragraph 3.8, for capital receipts;

(ii)        that authority be delegated to the Strategic Director, Regeneration and Growth to finalise and agree the terms of the loft space disposals as set out in paragraph 3.8 in accordance with the premiums set out in appendix 1;

(iii)       that approval be give to the waiver of the limitation of the Officer delegated authority limit where this applies to the disposal of undemised areas such as loft and basement sales, in order that the Strategic Director, Regeneration and Growth  may, in consultation with the Lead Member for Regeneration and Growth, approve such disposals.  In such transactions, the leasehold term that is required to be granted exceeds the delegated authority limit, but the value of the premium is generally relatively low.  Such approvals would be subject to the value of the premium falling within the delegated authority limit.