Agenda and minutes

There were no questions from members of the public.

-        Strategic Director of Environment and Development Services to report.

Councillor Wyatt, Cabinet Member for Health and Wellbeing, introduced the minutes of the Local Development Framework Members’ Steering Group held on 15^th March, 2012.

Members noted the major work that was ongoing which would form part of the Rotherham Local Development Framework Core Strategy.

Resolved:-  (1)  That the progress to date and the emerging issues be noted.

(2)  That the minutes of the Local Development Framework Members’ Steering Group held on 15^th March, 2012 be received.

The following items are likely to be considered in the absence of the press and public as being exempt under Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972 (as amended March 2006 – information relates to finance and business affairs).

Resolved, that under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act (as amended March, 2006 (information relates to finance and business affairs).

-        Strategic Director of Resources to report.

Councillor Akhtar, Deputy Leader, introduced a report by the Strategic Director of Resources, which highlighted changes to the forecast of capital receipts and set out in summary the financial position.

The costs of preparing the assets for marketing and sale were netted from the disposal proceeds and where possible (and appropriate), the purchaser was responsible for fees.

Maintenance costs of Housing Revenue Account assets until sale were funded from the Housing Revenue Account account.  Maintenance costs of General Fund Assets until sale were currently unbudgeted.

As with all property transactions a capital receipt could not be guaranteed until the sale was completed. If the current economic climate continued to depress the property market, the risks associated with achieving targets would continue to increase.

Resolved:-  That the position on the current status of the capital receipts be noted.

-        Strategic Director of Resources to report.

Consideration of this item was deferred pending consultation with Ward Members.

-        Strategic Director of Resources to report.

Councillor Akhtar, Deputy Leader, introduced a report by the Strategic Director of Resources, which sought approval for the disposal of the above-mentioned asset which was surplus to the requirements of the Department of Streetpride.

The finance and risks and uncertainties associated with the property disposal was set out in detail as part of the report.

Resolved:-  (1)  That the Interim Asset Manager market the asset on the basis set out in Option 3 of the report.

(2)  That the Interim Asset Manager negotiate the terms of disposal.

(3) That the Director of Legal and Democratic Services completes the necessary documentation.