Meeting documents

Policy and Resources Scrutiny Committee
Thursday, 15th October, 2015 6.30 pm

The Cabinet Minutes

Date:
Tuesday, 22nd September, 2015
Time:
14:00
Place:
Jubilee Room, Civic Centre, Southend-on-Sea
 

Attendance Details

ItemDescriptionResolution
Part I
249 Corporate Asset Management Strategy 2015-2025
Scrutiny Comment for item 249
Business for item 249
Resolved:-

1. That the updated CAMS 2015-2025, as set out in Appendix 1 to the submitted report, be approved.

2. That it be noted that the proposed CAMS now includes a commercial property investment strategy as referred to in sections 3 and 6 of the submitted report.

3. That it be noted that progression of the strategy will require specific capital resources being identified as part of the relevant budget process together with some revenue support to be funded from the Business Transformation Reserve.

Reason for Decision

To update the Council's Asset Management Strategy having regard to the comments arising from consultation

To maintain the profile of the Council's Assets and their application in helping the Council to achieve its vision and meet the corporate aims, including regeneration and development.

To provide the framework and governance to support active investment in commercial property to generate long rent revenue.

To re-affirm the reasons why the Council holds assets and why they are held and managed corporately.

To re-affirm the governance arrangements for Asset Management

Other Options

The existing strategy could be maintained and updated but this would not actively support the Council's investment aspirations.

Note:- This is an Executive Function
Eligible for call-in to Policy & Resources Scrutiny Committee
This item had previously been subject to pre-Cabinet Scrutiny
Executive Councillor:- Woodley
*Called in to:- Policy and Resources Scrutiny Committee
14:00/15:55

Attendance Details

Present:
Councillor R A Woodley (Chairman)
Councillors I D Gilbert, A P Jones, J W Moyies, D A Norman MBE, M W Terry
In attendance:
R Tinlin, J K Williams, S Leftley, A Lewis, A Atherton, J Chesterton, T MacGregor, V Holliday, G Henesy, F Abbott, A Keating and C Gamble

Also Present: Councillors Assenheim, Courtenay, Crystall, Folkard, Habermel, Holland, Lamb, Mulroney and Salter

Scrutiny Comment

ItemComment
249 Called in by Councillors J Lamb and A Holland.
Final call on 02/10/2015 at 10:15
Resolved:-

1. That the following decisions of Cabinet be noted:-

"1. That the updated CAMS 2015-2025, as set out in Appendix 1 to the submitted report, be approved.

2. That it be noted that the proposed CAMS now includes a commercial property investment strategy as referred to in sections 3 and 6 of the submitted report.

3. That it be noted that progression of the strategy will require specific capital resources being identified as part of the relevant budget process together with some revenue support to be funded from the Business Transformation Reserve."

2. That, in accordance with Standing Order 39, the matter be referred to full Council for consideration.

Note:- This is an Executive Function
This item had previously been subject to pre-Cabinet Scrutiny
Executive Councillor:- Woodley

Business

ItemBusiness
249The Cabinet considered a report of the Corporate Director for Corporate Services presenting the Corporate Asset Management Strategy (CAMS) 2015-2025, incorporating a Commercial Property Investment Strategy.

 

Navigation:

Get the best from this site

We use simple text files called 'cookies'. Some of these cookies are essential to make our site work and others help us to improve by giving us some insight into how the site is being used. For more information, including how to turn cookies off, see more about cookies - or simply click the Continue button to use this site as normal.