Issue - items at meetings - Corporate Property Strategy & Asset Management Plan 2014-2018

Report of the Executive Director for Finance & Resources (copy attached).

That the Committee approve the Corporate Property Strategy & Asset Management Plan (AMP) 2014-2018 as set out in Appendix 1 of this report.

95.1       The Committee considered a report of the Executive Director for Finance & Resources in relation to the Corporate Property Strategy & Asset Management Plan (AMP) 2014/2018. The report sought approval for the Council’s refreshed AMP; the document set out the property context for the city and the Council’s holdings linking these to the Council’s corporate priorities and strategic goals. It provided a strategic overview of the Council’s property assets and the systems, processes and policies in place or being progressed to manage and maintain them. It also provided a framework for challenging and reviewing the reasons for continuing to hold Council assets.

95.2       Councillor Sykes welcomed this as an excellent report, and it served as a reminder of the fortunate position of the Council in terms of the size of its property portfolio, and the excellent value for money service the in-house team provided.

95.3       Councillor Peltzer Dunn welcomed the report and the detail of knowledge that Officers had in this area. In response to a query in relation to the level of return the Chair clarified that the strategy was clear there were some areas to exit to allow for reinvestment in others with better returns.

95.4       The Chair put the recommendations to the vote.

95.5       RESOLVED – That the Committee approve the Corporate Property Strategy & Asset Management Plan (AMP) 2014-2018 as set out in Appendix 1 of this report.