Issue - meetings

This report sets out a refined set of drivers to update the existing Asset Management Strategy, identifies mechanisms for delivering the strategy and sets out a proposed delivery plan for 2012-13.

RESOLVED:       That Cabinet agree to:

i)             The principles set out in the report which will drive a comprehensive review of all CYC assets.

ii)            The Year 1 work plan as set out in Para 13 of the report.

iii)          Note the prospective development of a Delivery and Innovation Fund bid to support a comprehensive Asset Review as an invest to save initiative.

REASON:                     To ensure that CYC assets deliver business priorities and value for money through maximising opportunities to generate income and reduce revenue costs

Consideration was given to a report which set out a refined set of drivers to update the existing Asset Management Strategy and identified mechanisms for delivering the strategy and delivery plan for 2012-13.

Following significant reductions in public sector funding there had been a need to reduce the costs of Council assets, rationalise their number and share assets with other public sector bodies. It was therefore proposed to undertake a comprehensive review of all assets and develop a 10 year long term plan for the delivery of efficiencies and planned investment.

Details of the principles for the evaluation, information database and proposals for Year 1 projects and delivery were set out at paragraphs 7 to 14 of the report.

Following discussion it was

RESOLVED:       That Cabinet agree to:

i)             The principles set out in the report which will drive a comprehensive review of all CYC assets.

ii)            The Year 1 work plan as set out in Para 13 of the report.

iii)          Note the prospective development of a Delivery and Innovation Fund bid to support a comprehensive Asset Review as an invest to save initiative. ^1.

REASON:                     To ensure that CYC assets deliver business priorities and value for money through maximising opportunities to generate income and reduce revenue costs