Regeneration, Marketing and Strategic Finance Cabinet Member – Minutes – 17 September 2009

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.

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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.