Decision details

Purpose of Report: To establish a programme for the use of Council property assets including commercial housing delivery, letting and or sale of property. To determine the financial budget and assets to be included in the programme and the objectives to be achieved.

The Executive will be asked to consider options in respect of asset budget and objectives for the proposed commercial programme.

Resolved:  (i)      That the principles and approaches set out in the Corporate Asset Strategy be agreed, and that these be used to shape future asset decisions.

                   (ii)      That the Asset Management Strategy be referred to the Economy and Place Policy Development Committee for them to review and provide input and to bring back a report to Executive in the new year.

                   (iii)     That the approach to developing a Community and Operational Asset Strategy be agreed.

                   (iv)    That the use of contingency funding of £165k to fund the proposals set out in paragraph 22 of the report be approved, with reports on the expenditure of this funding to be brought to future Executive meetings.

Reason:     To establish clear principles to guide and shape future use of the Council’s assets and set out a programme of work to develop comprehensive plans for all Council assets.