Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
The Economy and Assets Portfolio Holder introduced the report. The current corporate property strategy needed updating in line with the Council Plan and the overall Customer Connect Strategy. Lambert Smith Hampton, the Council’s current property service provider, had completed the asset review of the Council’s building and land estate in December 2017. The asset review was a summary of each asset setting out what options there might be for future change and recommending a mechanism whereby future plans and programmes of work/investment could be informed and viewed collectively across the portfolio and help identify and avoid conflicts between budget expenditure.
The new strategy would help guide the Council on a more holistic, inclusive approach to the management of its property and land estate following on from the asset review. The overall aim was to ensure that investment was prioritised in the right areas given the increasing financial pressure on local authorities and to ensure that the Council had a balanced estate having regard to its medium and long term commitments, to ensure that there was an appropriate governance structure in place to allow the estate to flex with ease and consistency and that decisions were balanced between the need for capital receipts, investment and revenue income generation.
It was being proposed that a Strategic Asset Management Plan (SAMP) board be set up which would be made up of a variety of officers across finance, procurement and assets alongside Members to give a corporate view on decisions to be taken.
Members gave detailed consideration to the draft Strategy which was attached at Appendix 1 to the report.
The draft Strategy had been considered by the Overview and Scrutiny Committee at its meeting on 26 October 2018.
In response to a query raised with regard to consultation with local members in relation to assets within their wards, the Economy and Assets Portfolio Holder explained that this Strategy provided an appropriate, formalised and comprehensive means of dealing with assets.
Whilst the proposal for a SAMP board was welcomed, attention was drawn to the fact that the membership did not include a councillor from the opposition.
RESOLVED – That the Property and Land Management Strategy 2019-2024, as attached at Appendix 1 to the report, be adopted, including the creation of a Strategic Asset Management Plan Board as detailed within the report.
Reasons for Decision
The proposed Property and Land Management Strategy itself focuses heavily on the Council Plan and its priorities and this is key in aligning the Council Plan with any decisions made on investment, acquisition or disposals for our property and land estate.
Alternative Options Considered and Rejected
Continue to use the existing Asset Management Strategy – it is felt that the existing approach to asset management does not provide a sufficiently corporate approach, whether that be disposal, investment or acquisition, and is not in line with the new Customer Connect Strategy approved by Council in July 2018.
Report author: Sion Thomas
Publication date: 30/11/2018
Date of decision: 28/11/2018
Decided at meeting: 28/11/2018 - Cabinet