Issue - items at meetings - Community Right to Bid - Assets of Community Value

Issue - meetings

Community Right to Bid - Assets of Community Value

Meeting: 07/11/2012 - Cabinet (Item 80)

80 Community Right to Bid - Assets of Community Value pdf icon PDF 87 KB

Additional documents:

Minutes:

Members considered a report on the provisions of the Localism Act 2011 relating to the Community Right to Bid together with the Assets of Community Value Regulations 2012.

 

The report contained details of the provisions of the Act which were intended to enable communities to have a right to identify a building or land which they believe to be of importance to their community’s social well being and to afford them the opportunity of purchase should the building or land be put up for sale.

 

It was noted that the Council was required to hold a List of Assets of Community Value and that the report put forward a proposed decision making process for the listing of community assets. The assets to be listed could include both publically and privately owned assets and there was a provision for compensation to be paid to owners of properties who successfully claimed for costs or loss incurred as a result of complying with the listing procedures.

 

It was reported that there would be a need to include an appropriate provision within the Medium Term Financial Plan to cover compensation payments. It was noted that any individual or total payments totalling over £20,000 within a financial year would be funded by the Government. There would also be some funding to Authorities to cover the costs of administering the scheme.

 

RESOLVED:

(a)       that the process for listing and sale of community assets and the provisions relating to compensation as set out in the report and appendices; and

(b)       that the delegations set out within the report to the Head of Planning and Regeneration and to the Executive Director for Planning and Regeneration, Regulatory and Housing Services be approved and that delegated authority be granted to the Head of Legal, Equalities and Democratic Services to update the Scheme of Delegations accordingly. 

 

RECOMMENDED that the new responsibility placed on Local Authorities to pay compensation to affected land owners under the Assets of Community Value Regulations be noted; and that the Section 151 Officer be requested to make appropriate provision within the Medium Term Financial Plan to accommodate future requests for compensation.