Issue - meetings
Asset Appraisal of 11/13 and 15/17 Belmont Street
Meeting: 13/06/2013 - Finance, Policy and Resources Committee (Item 23)
Asset Appraisal of 11/13 and 15/17 Belmont Street (EPI/12/105)
Decision:
to approve the recommendations contained in the exempt report.
Minutes:
The Committee had before it a report by the Director of Enterprise, Planning and Infrastructure which advised on the outcome of marketing activities in relation to a surplus site at Tarbothill Road, Balgownie and the offers subsequently received.
The report recommended –
that the Committee –
(a) given that the potential interest/income generated from the refurbishment of the suites was too small to justify the substantial investment required at 11/13 Belmont Street at this time, instruct the Head of Asset Management and Operations to conduct a development appraisal of 11/13 Belmont Street during the financial year 2014/2015 with the aim to identify options for its future use prior to the expiry of the current tenant’s lease; and
(b) instruct the Head of Asset Management and Operations to continue to monitor the common areas within 15/17 Belmont Street and to refurbish said parts as and when it became necessary.
The Committee resolved:-
to approve the recommendations.
- COUNCILLOR WILLIE YOUNG, Convener.