Decision details

Advice of the Advisory Panel

That the Executive Member be advised:

(i)           That the report be received and the performance of the Commercial Portfolio be noted;

(ii)         That a yearly report on Performance Indicators as identified in the report be received;

(iii)       That any proceeds received from selling any of the properties suitable for disposal (excluding those receipts already committed to fund the approved capital programme) should be put into a fund to be used for future acquisitions and investments;

(iv)        That the views of Members expressed at the meeting be referred to the Executive on 20 November to inform the council’s future policy on its non-operational and operational Property Portfolios.

Decision of the Executive Member

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

REASON:To provide Members input to the Commercial Property Review, to set targets for future performance and to identify actions on individual properties as determined at the meeting.