Purpose

Interim asset management strategy for next 2
years for investment and works in LBN’s social housing stock
whilst 5 year and 30 year strategy is
being developed.

Decision

For the reason set out in
the report and its appendices Cabinet RESOLVED to AGREE:
 

 

i) 
That officers commence a formal consultation
exercise with residents on the draft Interim
HRA Asset Management Strategy 2023-2025 at Appendix 1, as detailed
at paragraph 4.4 of the report;

 

ii) 
To note the terms of the draft Interim HRA
Asset Management Strategy 2023-2025;

 

iii) 
To note that a further report would be brought to
Cabinet to consider the outcome of the resident consultation and to
finalise and implement the Interim HRA Asset Management Strategy
2023-2025; and

 

iv) 
To note that further reports would be brought to Cabinet in due
course with proposals for the 5 year and 30 year asset management
strategies referred to in paragraph 4.5 of the report.
 
Alternatives
Considered
 

i) 
Do nothing - this is not an option. As a landlord,
the Council has a duty to:

• 
ensure its properties are maintained to a proper
standard

• 
ensure effective and appropriate management of its
available financial resources.

 

ii) 
Outsource the management of the assets

• 
this is not a preferred option, as it is cost
prohibitive and limits the Council’s ability to ensure that
the assets are maintained in line with legislative
obligations.