The Regeneration and Major Projects Service Manager submitted a report detailing the Asset Management Plan 2016-20 which would provide the basis for the management of the Council’s property assets going forward.

The Executive Board Member, Finance, Corporate Asset Management and Public Health presented the report and recommended its adoption by Council.  The Board noted the growing importance of property assets for long term income generation and agreed that this was an area that should be closely monitored by Scrutiny and the Board.

The City Executive Board resolved to:

1. Approve the Asset Management Plan 2016-2020 attached at Appendix 1 for adoption by the Council.

Council considered a report to the City Executive Board on 17 March 2016 which presented the Asset Management Plan 2016-20 and recommended its adoption by Council thereby providing the basis for the management of the Council’s property assets going forward.

Council resolved to approve the Asset Management Plan 2016-2020 attached at Appendix 1 for adoption by the Council.

The Director of Regeneration and Housingsubmitted a report which presented the Asset Management Plan 2015-2020 for approval prior to public consultation.

Cllr Turner, Board Member Finance, Corporate Asset Management and Public Health presented the report.  He referred the Board to the list of changes from previous versions of the plan as set out at paragraph 7 of the report and commented on the clearer links to the corporate priorities.

In response to the Scrutiny Committee recommendations he said that all four were broadly accepted subject to some textual amendments as set out in the published response.  In closing he thanked the Senior Asset Manager and the Corporate Asset Manager and other officers for their work.  In discussion the Board noted that this was the first Asset Management Plan for a number of years which recommended investing in additional property assets.

The City Executive Board resolved to:

1.    Approve the Asset Management Plan 2016-2020 for consultation as amended in the responses to the recommendations from the Scrutiny Committee.