Issue - meetings

Review and Strategy for the Commercial Property Portfolio

Meeting: 11/09/2007 - Executive Member For Corporate Services and Advisory Panel (Item 28)

28 Review and Strategy for the Council's Commercial Property Portfolio PDF 39 KB

This report introduces Members to the strategic review of the commercial property portfolio which is currently being prepared, and invites Members’ views on the process and options. Officers will give a presentation to introduce the scope of the portfolio and look at some future options.

Decision:

Advice of the Advisory Panel

That the Executive Member be advised that:

(i) The report be received and noted as an introduction to the full strategic review of the commercial portfolio to be presented to the next meeting.

(ii) The views of Members expressed at this meeting be taken on board and addressed in the full review.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:To provide an input into the commercial property review and inform the full report due at the next meeting.

Minutes:

Members considered a report which introduced the strategic review of the commercial property portfolio which was currently being prepared, and invited Members’ views on the process and options.

Officers gave a presentation which covered the following points:

Corporate Asset Management Plan
Non-operational properties
Operational Properties
Criteria for holding the premises
Summary of Income and Outgoings
Benchmarks for properties
Action Plan for the Future

Officers advised Members to contact them with any additional requests or with any questions regarding the full strategic review of the commercial portfolio.

Members requested that the Resources Scrutiny Board’s report on Property Management be acknowledged in the review where relevant.