Content

TheProperty and Investments Executive
Sub-Committee agreed: 
 
a.      
The revised schedule of assets in Appendix A
as being the revised
scope of the Non-Treasury
Commercial Asset Portfolio.Including
the addition ofNorthgate Yard,
Bridgwater, Aspen House, Bridgwater to the
scheduleand the
deletion of  88-92 Middle
Street, Yeovil
from the schedule. 
b.     
To transfer the
governance
overview of the asset management of
88-92 Middle Street,
Yeovil to the Asset Management
Group 

c.      
That this Executive Sub Committee tasks officers
with the following:

i  
           That
the Service Director - Strategic Asset Management write to Elbit UK
requesting an urgent meeting to discuss and clarify the current and
future use of their premises at Aztec West and report back to the
next meeting of this Sub Committee following that
meeting.
ii  
          That the
Interim Head of Legal Services and the section 151Officer report
 to the next meeting of this Sub Committee on the potential
options available to the Council as landlord of the office building
at 600 Aztec West in the light of the recent public concerns and
protests and the risks and benefits attached to each of those
options, including (a) the implications (if any) for the financial
stability of Somerset Council and (b) the opinions of the Section
151 officer, the Monitoring Officer and the External
Auditor.