Decision details

Property Asset Programme

Decision Maker: Cabinet

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The report refers to the programme of asset review and disposal over the last eight years that has enabled the Council to develop and fund priorities to date.  Post pandemic a new programme of development and disposal of Council assets is required to replenish Council reserves and enable the development of current and future priority projects to be funded.  The report seeks mandate and initial budget to undertake this work.

Decision:

RESOLVED –

1.    To vire from the Capital and Revenue Initiatives Reserve the sum of £500,000 be used to establish a suitable budget for external consultancy services be approved.

2.    That the head of Economic Development and Property in consultation with the S151 Officer and the Portfolio Holder for Finance and Governance be given authority to allocate funding to specific projects be approved.

3.    That the head of Economic Development and Property in consultation with the S151 Officer and Portfolio Holder for Finance and Governance be given authority to appoint external professional advisors to deliver specific projects be approved.

4.    That the establishment of a working group of Cabinet – the Property Asset Oversight Panel and associated terms of reference as detailed be approved.

 

REASON FOR DECISION:

To allow the delivery of capital receipts to support wider delivery of Council priorities and services. 

 

Report author: David Candlin

Publication date: 29/07/2021

Date of decision: 29/07/2021

Decided at meeting: 29/07/2021 - Cabinet

Effective from: 06/08/2021

Accompanying Documents: