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Asset Disposal: 117 Newbridge Hill, Bath

 

 

The report will seek a decision on the disposal of 117 Newbridge Hill, Bath to Aequus.

 

This decision has been Called In on 18th January 2021 by 9 Councillors for the following reasons:

 

•  the decision to dispose of the asset at nearly half a million pounds below market value, and on a non-competitive basis, is contrary to the interests of Council Taxpayers in B&NES

•  the case has not been made to justify the below market value disposal and so the asset should be listed on the open market, where it will fetch greater returns for the Council.

 

A meeting of the Corporate Policy Development & Scrutiny Panel will be convened to consider this within the 14 day deadline.

 

Call In outcome

 

On 8th February 2021 the Corporate Policy Development & Scrutiny Panel met and decided to dismiss the Call In.

Decision type: Key

Reason Key: Significant Financial Impact;

Decision status: Approved

Wards affected: Newbridge;

Notice of proposed decision first published: 24/08/2020

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
Information relating to the financial or business affairs of any particular person (including the authority holding that information).

Decision Type: Key Decision;

Decision due: Not before 31st Dec 2020 by Cabinet Member for Resources.

Decision due: 8 Feb 2021 by Corporate Policy Development and Scrutiny Panel

Lead member: Cabinet Member for Resources.

Lead director: Director Partnership & Corporate Services

Contact: Graham Sabourn, Head of Housing Email: Graham_Sabourn@bathnes.gov.uk Tel: 01225 477949.

Consultation process

None

Consultees

None

EFP Reference: E3229

Call-In Information: This decision has been Called In by 9 Councillors for the following reasons: • the decision to dispose of the asset at nearly half a million pounds below market value, and on a non-competitive basis, is contrary to the interests of Council Taxpayers in B&NES • the case has not been made to justify the below market value disposal and so the asset should be listed on the open market, where it will fetch greater returns for the Council A meeting of the Corporate Policy Development & Scrutiny Panel will be convened to consider this within the 14 day deadline.

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