Decision details

3% Community Benefit award following disposal of asset above market value

Decision Maker: Director of Finance

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To award 3% of the sale of an asset (Middlesbrough Warehousing Site) for community benefit in the North Ormesby ward. Funding to be awarded is £9,150.

Decision:

Following consultation with the existing ward councillor at the point of disposal and the Executive Member for Finance & Governance the Director of Finance has determined that the appropriate community beneficiary within the North Ormesby ward will be, The White Feather Project, a charity based project which supports vulnerable families in need, based within the North Ormesby ward. Funding will be distributed for capital enhancements to the charity’s unit helping to ensure it is accessible for the local community.


Reason for Decision:

To comply with the Asset Disposal Policy, and provide a direct community benefit to the ward in which the asset is based. To support the community and voluntary sector community, and support vulnerable people in need through enhanced partnership working.

Alternative options considered:

N/A

Publication date: 21/02/2022

Date of decision: 16/11/2021