Venue: Council Chamber - Council Offices. View directions
Contact: Emma Denny
Email: emma.denny@north-norfolk.gov.uk
Items
| No. |
Item |
114. |
Public Questions and Statements
To receive questions and statements from the
public, if any.
Minutes:
|
115. |
Items of Urgent Business
To determine any other items of business which
the Chairman decides should be considered as a matter of urgency
pursuant to Section 100B(4)(b) of the Local Government Act 1972
Minutes:
|
116. |
Declarations of Interest  PDF 233 KB
Members are asked at this stage to declare any
interests that they may have in any of the following items on the
agenda. The Code of Conduct for Members requries that declarations
include the nature of the interest and whether it is a disclosable
pecuniary interest (see attached guidance and flowchart)
Minutes:
|
117. |
Disposal of a Property PDF 144 KB
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Summary:
Options considered:
|
The
Council acquired a mixed use property in 2017 and part of which has
been let for holiday accommodation. The
property has not been performing as anticipated and is not likely
to reach the desired financial return in the future and therefore a
sale of the property is proposed.
The
property has been advertised on the open market and a number of
offers have been received. Officers are now seeking authority to
sell the property.
The
village shop does not form part of this proposal and is to be
retained with tenant remaining.
The
Council could retain the property, however it does not produce the
financial returns required and does not support the Councils
Corporate Plan objectives.
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Conclusions:
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During ownership the performance of the holiday let property has
been monitored and whilst some improvements have been gained,
overall the property has not secured the level of income and
financial return envisaged. This has been further impacted by the
need to close the property during the national
lockdown.
As
financial returns in accordance with the Councils Asset Management
Plan are not being achieved, it is proposed to sell this part of
the property and to retain the community shop and tenant on the
existing lease terms.
Following the property having being advertised for sale on the
open market best and final offers have been received. These offers have been qualified and
assessed. Acceptance of the
recommended offer will result in a capital receipt for the Council
upon legal completion.
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Recommendations:
Reasons for
Recommendations:
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It is
recommended to Cabinet to approve the disposal of the property as
outlined in the exempt appendix.
Should
there be any further changes to the offer made, to delegate to the
s151 officer, in consultation with the portfolio holder, the
ability to dispose of the property:
·
To a different buyer at the same sum
or
·
For any value exceeding the original
sale price
·
At a reduction of up to 10% of the
agreed sale price
·
Allowing for any additional costs
incurred
The
disposal is in accordance with the Council’s Disposal policy
and the offer is deemed to be the best financial consideration
reasonably obtainable at the current time.
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Cabinet Member(s)
Cllr E Seward
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Ward(s) affected
Itteringham/Erpingham
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Additional documents:
Decision:
Decision
RESOLVED:
|
To approve
the disposal of the property as outlined in the exempt
appendix.
Should
there be any further changes to the offer made, to delegate to the
s151 officer, in consultation with the portfolio holder, the
ability to dispose of the property:
·
To a different buyer at the same sum
or
·
For any value exceeding the original
sale price
·
At a reduction of up to 10% of the
agreed sale price
·
Allowing for any additional costs
incurred
Reason for the decision:
The
disposal is in accordance with the Council’s Disposal policy
and the offer is deemed to be the best financial consideration
reasonably obtainable at the current time.
|
Minutes:
Cllr
E Seward, Portfolio Holder for Assets introduced this item. He
explained that the Council had acquired a mixed use property in
2017 and since then, part of it been let for holiday
accommodation. The property had not
been performing as anticipated and was not likely to reach the
desired financial return in the future and therefore a sale of the
property was proposed. The property had been advertised on the open
market and a number of offers had been received. Officers were
therefore seeking authority to sell the property. Cllr Seward added
that the village shop did not form part of the proposal and was to
be retained in NNDC ownership with the tenant
remaining. Cllr Seward concluded by
saying that the proposal before Members meant that the Council was
disposing of the property at a price that would result in a
surplus.
Cllr
R Kershaw said that he supported the proposal. The Council had
given the holiday let time but the expected return had not been
achieved and it was the right time to dispose of it.
Cllr
J Toye, Local Member, said that he welcomed the proposal to keep
the community shop in NNDC ownership.
The
Leader, Cllr S Butikofer, said that she was pleased to see that a
solution had been found. She added that she had always been
sceptical about the holiday letting achieving the projected
financial return.
It
was proposed by Cllr E Seward, seconded by Cllr R Kershaw
and
RESOLVED:
|
To approve
the disposal of the property as outlined in the exempt
appendix.
Should
there be any further changes to the offer made, to delegate to the
s151 officer, in consultation with the portfolio holder, the
ability to dispose of the property:
·
To a different buyer at the same sum
or
·
For any value exceeding the original
sale price
·
At a reduction of up to 10% of the
agreed sale price
·
Allowing for any additional costs
incurred
Reason for the decision:
The
disposal is in accordance with the Council’s Disposal policy
and the offer is deemed to be the best financial consideration
reasonably obtainable at the current time.
|
|
118. |
Exclusion of Press and Public
To pass the following resolution:
“That under Section 100A(4) of the Local
Government Act 1972 the press and public be excluded from the
meeting for the following item of business on the grounds that they
involve the likely disclosure of exempt information as defined in
paragraphs _ of Part I ofSchedule 12A (as amended) to the
Act.”
|
119. |
Private Business
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