Purpose

To agree a new corporate
property and assets strategy.

Content

(Key
decision):

(1) To approve the Corporate
Property and Assets Strategy (CPAS) attached at Appendix 1 to the
report.
 
(2) To authorise the Assistant
Director – Housing, Assets and Development, in consultation
with the Deputy Chief Executive, Director of Finance and
Performance, and Leader of the Council, to take all necessary steps
to complete appropriate Local Control Transfers, asset disposals
and acquisitions, and reinvestment of capital receipts as part of
the asset devolution process outlined within the CPAS.
 
(3) Agree that compliance with
the Council’s Contract Procedure Rules is waived in the event that:
 
-
any agreed rent, or turnover rent, exceeds £25,000 per
annum;
-
any disposal of amenity land exceeds £25,000; or
-
any disposal of land exceeds £50,000.