Decision details

Following the consideration of a report by the Executive on 7 April 2014 which gave approval to the Western Wards Leisure Centre, this report makes proposals for the replenishment of the capital reserves through the sale and/or disposal of Council assets in the Western Wards to assist the financing of the facility.

On 7 April 2014, the Executive considered a report that sought approval to the development brief and project funding, so that work could commence on the design, procurement and construction of a new Leisure Centre on land at Coldeast.  The Executive agreed the report and requested that officers explore the options for replenishing the Council’s capital reserves being used for the project, through the sale of existing assets within the Western Wards.

The report therefore advises on assets in the Western Wards which could be considered for disposal.  Due to the number and estimated value of the assets identified and having regard to the proposed cost of the leisure facility, the report also outlines other sources of income which could be considered to assist the funding required.

RESOLVED that the Executive:

a)    agrees the list of assets for disposal contained in the report, and in confidential Appendix B; and

b)    agrees the funding arrangements for the Western Wards Leisure Centre.