Issue - meetings

That (A) the comments of the Corporate Business Scrutiny Committee on the Asset Management Plan, be received;

(B)     the Asset Management Plan, included at Essential Reference Paper B of the report submitted, be approved; and

(C)    the proposed annual review period for the Asset Management Plan, be approved.

The Executive Member for Finance and Support Services submitted a report setting out the aims and objectives for the management of the Council’s assets contained within the Asset Management Plan.  This included a list detailing each land and property asset and how each contributed to the corporate priorities of the Council.

The Executive approved the Asset Management Plan as now submitted.

RESOLVED - that (A) the comments of the Corporate Business Scrutiny Committee on the Asset Management Plan, be received;

(B)      the Asset Management Plan, included at Essential Reference Paper B of the report submitted, be approved; and

(C)      the proposed annual review period for the Asset Management Plan, be approved.

The Executive Member for Finance and Support Services submitted a report setting out the aims and objectives for the management of the Council’s assets contained within the Asset Management Plan.  The Head of Strategic Finance provided a summary of the report as detailed.

In response to a query from Councillor M Casey regarding investment properties, the Head of Strategic Finance explained that the Old River Lane purchase would be included in the Asset Management Plan for 2017/18.  Members were advised that a specification for the refurbishment of the building had been drawn up and agents had been appointed.

In response to a query from Councillor M Allen, the Director of Finance and Support Services explained that in terms of the Council’s accounts, “unqualified” was a positive term. 

In response to a query from Councillor M Pope, the Head of Strategic Finance explained the progress made in carrying out a gap analysis.

Councillor M Allen referred to the Community Lettings Policy and was keen to ensure that the community was kept informed of what this policy would entail.  The Head of Strategic Finance explained that the Asset Management Working Group was currently considering the policy and that this would be presented to Scrutiny and then to the Executive for approval.  The Director assured Members that this would also be the subject of an equality impact assessment.

The Chairman suggested that Members have the opportunity of reviewing the Asset Management Plan on an annual basis.  This was supported.

Members received the report and supported the recommendations now detailed.

RESOLVED – that (A) the report be received; and

(B)   the Executive be advised that Corporate Business Scrutiny Committee supported the Asset Management Plan as now detailed, and that it be reviewed annually.