Decision details

Sale by Auction: Former Ada Belfield Home for Older People, Field Lane, Belper

Decision Maker: Cabinet Member for Corporate Services and Budget

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The purpose of this report is to seek authority from Cabinet Member to set the reserve price for a sale by auction of the former Ada Belfield Home for Older People, Field Lane, Belper, DE56 1DE, to authorise the Director of Legal & Democratic Services to prepare the auction pack and to enter into the legal documentation to enable a sale to be completed.

Decision:

Approves the recommended reserve price of £450,000 for the sale of the former Ada Belfield Home for Older People at auction and that authorisation be given to the Director of Legal & Democratic Services to prepare and enter into the necessary legal documentation for the sale to be completed.

Reasons for the decision:

To ensure that the Council meets its programmed capital receipts targets.

Alternative options considered:

Yes

Publication date: 26/10/2021

Date of decision: 26/10/2021

Effective from: 03/11/2021

Accompanying Documents: