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559.280 451.466 l S
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559.280 386.042 m
559.280 371.482 l S
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559.280 269.314 m
559.280 252.442 l S
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336.000 252.442 l S
559.280 269.314 m
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BT 36.000 199.266 Td 0.000 Tw /F1 10.0 Tf 0 Tr (The open market disposal provides an equal opportunity to all interested parties.  The Deputy Leader of the Council ) Tj ET
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BT 36.000 106.786 Td 0.000 Tw /F1 10.0 Tf 0 Tr ( ) Tj ET
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) Tj ET
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) Tj ET
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) Tj ET
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BT 36.000 512.266 Td 0.000 Tw /F1 10.0 Tf 0 Tr (Member for Development Jobs and Skills. Authorises the Director of Sustainability, Transportation and Partnerships ) Tj ET
BT 36.000 500.706 Td 0.000 Tw /F1 10.0 Tf 0 Tr (to revoke and modify the Highway Improvement Line \(HIL\) as shown hatched on the attached plan, appendix 2.  ) Tj ET
BT 36.000 489.146 Td 0.000 Tw /F1 10.0 Tf 0 Tr (Authorises the Director of Legal and Democratic Services to negotiate, execute and complete all necessary legal ) Tj ET
BT 36.000 477.586 Td 0.000 Tw /F1 10.0 Tf 0 Tr (documents to give effect to the above recommendations.
) Tj ET
BT 36.000 466.026 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 454.466 Td 0.000 Tw /F1 10.0 Tf 0 Tr (The on-going review of the Councils various land and property portfolios has identified those individual property ) Tj ET
BT 36.000 442.906 Td 0.000 Tw /F1 10.0 Tf 0 Tr (interests listed in Appendix 1, as being surplus to Council requirements. It is proposed that these interests will form ) Tj ET
BT 36.000 431.346 Td 0.000 Tw /F1 10.0 Tf 0 Tr (part of an agreed schedule of property sales to be implemented during 2013-14. 
) Tj ET
BT 36.000 419.786 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 408.226 Td 0.000 Tw /F1 10.0 Tf 0 Tr (All the sites listed are surplus to Council requirements, and have been fully considered in accordance with current ) Tj ET
BT 36.000 396.666 Td 0.000 Tw /F1 10.0 Tf 0 Tr (surplus property procedures with no alternative internal use identified. 
) Tj ET
BT 36.000 385.106 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 373.546 Td 0.000 Tw /F1 10.0 Tf 0 Tr (This schedule of property interests identified is not to be considered mutually exclusive, and it is anticipated that the ) Tj ET
BT 36.000 361.986 Td 0.000 Tw /F1 10.0 Tf 0 Tr (ongoing review will identify further surplus property interests to supplement the programme going forward.  All such ) Tj ET
BT 36.000 350.426 Td 0.000 Tw /F1 10.0 Tf 0 Tr (opportunities will be the subject of further reports.
) Tj ET
BT 36.000 338.866 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 327.306 Td 0.000 Tw /F1 10.0 Tf 0 Tr (The sales methodology to deliver the programme will fully recognise market sentiment and individual circumstance. ) Tj ET
BT 36.000 315.746 Td 0.000 Tw /F1 10.0 Tf 0 Tr (Accordingly, the interests will be sold via either auction, open market informal tender, or where appropriate a direct ) Tj ET
BT 36.000 304.186 Td 0.000 Tw /F1 10.0 Tf 0 Tr (negotiated sale to a sitting tenant. The proposed delivery strategy and mode of sale adopted will be tailored to ) Tj ET
BT 36.000 292.626 Td 0.000 Tw /F1 10.0 Tf 0 Tr (maximise both the prospect of a sale completion and receipt realisation.
) Tj ET
BT 36.000 281.066 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 269.506 Td 0.000 Tw /F1 10.0 Tf 0 Tr (The Planning and Regeneration Directorate have been improving this area as part of the A34 Stratford Road ) Tj ET
BT 36.000 257.946 Td 0.000 Tw /F1 10.0 Tf 0 Tr (Regeneration Programme, to deliver new investment and jobs. This has been facilitated through the consolidation ) Tj ET
BT 36.000 246.386 Td 0.000 Tw /F1 10.0 Tf 0 Tr (and acquisition of a number of public  and private buildings, that created the space for transportation improvements ) Tj ET
BT 36.000 234.826 Td 0.000 Tw /F1 10.0 Tf 0 Tr (as well as land for new development. 
) Tj ET
BT 36.000 223.266 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 211.706 Td 0.000 Tw /F1 10.0 Tf 0 Tr (The Stratford Road/Highgate Road scheme was substantially completed in October 2013 and has resulted in the ) Tj ET
BT 36.000 200.146 Td 0.000 Tw /F1 10.0 Tf 0 Tr (remaining land shown hatched on the attached plan, appendix 2 no longer being required for highway purposes.  ) Tj ET
BT 36.000 188.586 Td 0.000 Tw /F1 10.0 Tf 0 Tr (Following consultation with the Cabinet Member for Development, Jobs and  Skills the Highway Improvement 
) Tj ET
BT 36.000 177.026 Td 0.000 Tw /F1 10.0 Tf 0 Tr (lines shown in appendix 2 can now be modified accordingly. 
) Tj ET
BT 36.000 165.466 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 153.906 Td 0.000 Tw /F1 10.0 Tf 0 Tr (It would be possible for the Council to suspend the release of its assets pending an improvement in activity and ) Tj ET
BT 36.000 142.346 Td 0.000 Tw /F1 10.0 Tf 0 Tr (overall confidence in the market. A return to the level of market activity experienced at the peak is not expected for ) Tj ET
BT 36.000 130.786 Td 0.000 Tw /F1 10.0 Tf 0 Tr (some time and therefore the risk is that capital receipts will be significantly delayed.
) Tj ET
BT 36.000 119.226 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 107.666 Td 0.000 Tw /F1 10.0 Tf 0 Tr (The preferred option, as recommended, is to deliver a focused disposal schedule of land and property sales.
) Tj ET
BT 36.000 96.106 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 84.546 Td 0.000 Tw /F1 10.0 Tf 0 Tr (
) Tj ET
BT 36.000 72.986 Td 0.000 Tw /F1 10.0 Tf 0 Tr ( ) Tj ET
BT 36.000 61.426 Td 0.000 Tw /F1 10.0 Tf 0 Tr ( ) Tj ET
BT 36.000 47.554 Td 0.000 Tw /F2 12.0 Tf 0 Tr (4  ) Tj ET
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