Decision details

The seek approval to the transfer of a Council owned asset to the Abbey Parochial Church Council under the Community Asset Transfer policy.

The Cabinet Member agrees to:

·  Delegate to the Head of Property / Corporate Property Officer authority for the completion of the disposal of the asset set out in the report into a final agreement for sale in line with the Heads of Terms attached.

·  Note that the transfer of the asset will be in accordance with Heads of Terms approved by the Head of Property in compliance with statutory responsibilities under s123 Local Government Act 1972, in pursuance of the recommendations in paragraphs 2.1 of the report.

The option has been chosen as it enables the Council to secure significant investment into a local asset whilst securing its future to deliver clear and sustainable social, economic and environmental benefits to local communities. It therefore helps to deliver the Council Corporate Strategy aim of supporting community asset transfers “where this can be achieved without excessive cost to the Council and where community benefits clearly arise”.

A disposal at best consideration would result in the Abbey being unable to deliver the various activities of community benefit, identified in this report.