Agenda item

Cabinet Member: Deputy Leader and Cabinet Member for Croydon Renewal, Councillor Stuart King and Cabinet Member Resources & Financial Governance, Councillor Callton Young

Officer: Interim Corporate Director Resources, Richard Ennis

Key decision: Yes

The Leader of the Council delegated authority to the Cabinet to make the following decisions:

RESOLVED: To

1.    Approve the disposal of the former Goldcrest Youth Centre

2.    Approve the disposal of the former Buffer Bear Nursery site

3.    Approval to a downward price variation of up to a maximum of 10% for each disposal without having to refer the matter back to Cabinet to allow for some minor value changes during the disposal process as further due diligence is undertaken. Any variation in price would be subject to approval of the Interim Corporate Director Resources and s151 Officer

Asset Disposal Strategy

Cllr Young invited colleagues to approve the proposal to dispose of the Gold Crest Youth Centre and the former Buffer Bear nursery site. Members noted the reasons behind these strategies for disposal.

The Leader of the Council delegated authority to the Cabinet to make the following decisions:

RESOLVED: To

1.     Approve the disposal of the former Goldcrest Youth Centre.

2.     Approve the disposal of the former Buffer Bear Nursery site.

3.     Approval to a downward price variation of up to a maximum of 10% for each disposal without having to refer the matter back to Cabinet to allow for some minor value changes during the disposal process as further due diligence is undertaken. Any variation in price would be subject to approval of the Interim Corporate Director Resources and s151 Officer.