City Of York Council To Consider Selling Some Assets
7:52am 7th January 2014
City of York Council's cabinet will review the Council's assets and will be asked to approve the sale of four of them and the purchase of two, at a meeting today (7 January 2014).
The report, proposes the disposal of 17/21 Piccadilly, the old Clementhorpe Maltings on Lower Darnborough Street, the former Manor School site and land adjacent to A59/A1237 Roundabout.
It will also propose the purchase of the remaining freehold part of Stonebow House on Piccadilly.
Cllr Dafydd Williams, Cabinet member for Finance, Performance & Customer Services said: “One of the key principles for the asset review of all council property and land - agreed by Cabinet in November 2012 - was to identify opportunities to generate capital receipts by rationalising the number of properties it owns and occupies.
“Alongside this, we need to progress those opportunities where we can significantly increase the value of our properties, particularly where this ties in with key council project priorities – such as enabling the British Sugar site masterplanning and development to proceed with the sale of the former Manor School site - to create jobs and growth for this city.”
City of York Council say that it is the responsibility of the council to ensure it receives best value from the disposal of all its land and buildings in a number of ways by; sale on the open market, sale on the open market with planning conditions or in directly negotiating with a property owner.
They add that all properties which are suitable for sale are first checked to see if there are any service requirements or any potential community use for the buildings as part of the disposal policy. A report is then taken to the Capital and Asset Board on offers which have been received and any other interest in the property. The council add that all the above sales and acquisitions have been approved by the Capital and Asset Board. Proposed disposals of where the capital receipt is above £100,000 are brought to Cabinet for approval, say City of York Council.
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