The Head of Housing and Property has submitted a report which seeks approval of the sale of Brasenose Farmhouse and yard which is held as a General Fund investment asset.

Recommendations: That the City Executive Board resolves to:

1.            Approve the sale of Brasenose Farmhouse and yard on the basis of the valuation set out in Appendix 3; and

2.            Delegate authority to the Executive Director for Regeneration and Housing to vary those terms on condition that the revised terms continue to represent the best consideration reasonably obtainable.

The Head of Housing and Property submitted a report which sought approval of the sale of Brasenose Farmhouse and yard which is held as a General Fund investment asset.

The Executive Board Member for Finance, Asset Management and Public Health presented the report and recommended it to the Board.

The City Executive Board resolved to:

1.            Approve the sale of Brasenose Farmhouse and yard on the basis of the valuation set out in Appendix 3; and

2.            Delegate authority to the Executive Director for Regeneration and Housing to vary those terms on condition that the revised terms continue to represent the best consideration reasonably obtainable.

This is exempt from publication by virtue of Paragraph 3, Part 1 of Schedule 12A of the Local Government Act 1972 for the following reasons:

•           Commercial affairs of the Council.

The Board received and noted the contents of the not for publication appendix to the report on the sale of Brasenose Farm House site (agenda item 14; minute 176).