Issue - meetings

Councillor Patel submits a report.

Councillor Patel submitted a report seeking the necessary approval in connection with the disposal processes of property by way of auction and other matters of disposal, in connection with property disposals necessary to meet the requirements of the City Council's Capital Programme.

RESOLVED:

(1)that approval be given for the appointment of the firm of auctioneers identified in the report, and a contract to provide auction services to the City Council for the period up to 31 March 2002, be entered into;

(2)that the appointed auctioneers be authorised, in accordance with Standing Order 75(b)(ii), to sign contracts on behalf of the City Council in respect of property that has been passed to them for disposal;

(3)that the Director of Environment, Development and Commercial Services be authorised to approve:-

(a)reserve prices for the properties to be sold;

(b)any sale prior to auction arising from offers which he considered were unlikely to be achieved at auction;

(c)the new purchaser, in the event of any property sold at auction and the purchaser subsequently requesting that the property is purchased in a different name to that of the original purchaser, subject to the Head of Legal Services being satisfied that the Council's legal position is protected throughout;

(d)in the event of any property failing to sell at auction the sale of such property at any time subsequent to the auction in the event of an acceptable offer being received;

(e)in consultation with the Leader and the Cabinet Lead Member for Finance, Resources and Equal Opportunities, the inclusion of such properties that are considered for sale by auction and in these circumstances the delegation to include (a) to (d) above;

(4)that the Director of Environment, Development and Commercial Services be authorised, in consultation with the Leader and the Cabinet Lead Member for Finance, Resources and Equal Opportunities, to agree the terms for the disposal of property other than by way of auction in accordance with the circumstances referred to in the report;

(5)that the Head of Legal Services be authorised to exchange contracts and complete the sale of any property in accordance with any terms agreed before five working days prior to or five working days after the auction arising from resolution (3) above and in accordance with any terms agreed as a result of the disposals of property by the other methods arising from resolution (4) above and subject to the circumstances set out in the report.