The Head of Corporate Property submitted a report to Cabinet on 10 August 2022 seeking approval for the Asset Management Strategy 2021 – 2031.  The Strategy will provide an ongoing framework for the management of the Council’s property assets.

The Cabinet minutes are available at item 13a.

Councillor Ed Turner, Deputy Leader (Statutory) – Finance and Asset Management will present the report and present the Cabinet’s recommendations.

Recommendations: Cabinet recommends that Council resolves to:

1.    Adopt the Asset Management Strategy 2021 – 2031.

2.    Delegate to the Executive Director (Development) in consultation with the Deputy Leader (Statutory) – Finance and Asset Management authority to make minor amendments to the Strategy; and

3.    Delegate to the Executive Director (Development) in consultation with the Deputy Leader (Statutory) – Finance and Asset Management authority to make ongoing changes to the Asset Management Action Plan.

Council considered a report from the Head of Corporate Property seeking adoption of the Asset Management Strategy 2021-2031 which would provide an ongoing framework for the management of the Council’s assets.

Cllr Brown, Leader of the Council, introduced the report, noting that some minor formatting errors had been corrected since its publication, then proposed the recommendations and answered questions.

The recommendation was agreed on being seconded by Cllr Munkonge, Cabinet Member for Leisure and Parks and put to the vote.

Council resolved to:

1.    Adopt the Asset Management Strategy 2021-2031.

2.    Delegate to the Executive Director (Development) in consultation with the Deputy Leader (Statutory) – Finance and Asset Management authority to make minor amendments to the Strategy; and

3.    Delegate to the Executive Director (Development) in consultation with the Deputy Leader (Statutory) – Finance and Asset Management authority to make ongoing changes to the Asset Management Action Plan.

The Head of Corporate Propertyhas submitted report to Approve the Draft Asset Management Strategy 2021 - 2031 which will provide an ongoing framework for the management of the Council’s property assets prior to public consultation.

Cabinet is recommended to:

1.    Approve the Draft Asset Management Strategy 2021- 2031 for public consultation.

The Head of Corporate Propertyhad submitted a report to  approve the Draft Asset Management Strategy 2021 - 2031 which will provide an ongoing framework for the management of the Council’s property assets prior to public consultation.

Cllr Ed Turner, Cabinet Member for Finance and Asset Management, introduced the report.  It was important to manage the Council’s assets well and the report set out how this was being achieved.

Cabinet resolved to:

1.    Approve the Draft Asset Management Strategy 2021- 2031 for public consultation.