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The following items contain exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended).

83 (9) COMMERCIAL PROPERTY TRANSACTION SCHEDULE – The Service Director Asset Management and Culture submitted a report for consideration and approval of the terms of all recently completed, current/ongoing and new property transactions.

Resolved – That the schedule appended to the report be approved.

84 (10) ALLOCATION OF PROPERTY TRADING ACCOUNT FUNDS – The Service Director Asset Management and Culture submitted a report seeking approval to provisionally allocate Property Trading Account (PTA) funds to development schemes and to approve moving forward with the schemes listed in Appendix 1.

The council’s Industrial/Commercial Property Management and Development Policy allowed use of the PTA funds for appropriate development schemes which were linked to the council’s wider Regeneration/Environmental Agenda and Policy Framework. The Policy required an annual strategy document reviewed at six monthly intervals, which approved and reported on those proposed development schemes/investment projects.

Further information was set out in the report and its appendix.

Resolved – (a) That approval be given to provisionally allocate PTA funds against the proposed development schemes listed in Appendix 1 of the report, (b) that the Service Director Asset Management and Culture be authorised to progress negotiations to implement the approved schemes.

Note: Reports are in Portable Document Format (PDF) and therefore require a suitable reader to view them. A reader can be downloaded free from the Adobe website (full instructions for downloading the reader are provided on the site).

Where there is no report this is because it is exempt, as it contains information which is considered to be of a confidential nature, as detailed in the Local Government (Access to Information) Act.