Issue - meetings

The Assistant Director for Regeneration and Asset Management to present a report which sets out a refreshed and updated Asset Management Strategy for the Council for the period 2017-2022.

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.

The Assistant Director for Regeneration and Asset Management presented a report which set out a refreshed and updated Asset Management Strategy for the Council, covering the period 2017-2022.

The new Strategy aimed to update the current Asset Management Plan 2011-2016 to make it relevant for the next five years and set out a new context, delivery models and methodologies for engaging customers and communities, all of which had evolved since 2011.  To this end three objectives and a set of principles had been developed that would drive future planning, as set out in paragraphs 9 and 10 of the report. 

The proposed approach to each separate ‘block’ of the council’s large and varied property estate was detailed in paragraphs 12-35.  In respect of operational and community assets this involved a significant programme of work, which would require an additional budget of £165k for a project manager, a part-time surveyor and building condition surveys. Approval was sought to fund this from contingency.  Commercial assets were on track to achieve their income target and it was proposed that opportunities to create further income, whilst enabling the improvement and regeneration of areas of the city, be brought back to Members. With regard to assets for housing delivery, detailed work on the approach agreed by the Executive in March was ongoing and a further report would be brought to the Executive meeting in November. 

It was recommended that the Strategy also be considered by the Economy and Place Policy Committee, to provide cross-party input before detailed plans were devised.

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.