Issue - meetings

AGREED that the adoption of the Corporate Asset Management Strategy at Appendix A to the report be approved.

The Leader and Portfolio Holder for Strategy, Performance & Finance presented a report which sought approval for the adoption of a proposed Corporate Asset Management Strategy. The Strategy covered a range of requirements the Council had to achieve as a property owner including sustainability, repairs / compliance, tenanted estate management, parking services and construction project management. It was considered that an effective asset management strategy was an integral for the delivery of corporate aims and objectives, and although the Council had a number of processes within the proposed strategy in place, these had not been formally adopted. The Cabinet welcomed the proposed Strategy and the sustainable approach to managing its property portfolio.

AGREED      (unanimously) that the adoption of the Corporate Asset Management Strategy at Appendix A to the report be approved.

Reasons for Decision

The strategy will inform policies enabling the Council to develop action plans, agree priorities and make decisions to meet the longer-term objectives of the Council in the Community Plan. The strategy will be a cornerstone of the Council’s financial and service planning and will support the delivery of the Medium Term Financial Plan.