Decision details

*RESOLVED –

1.   That the asset management strategy delivery plan for 2024/25 as set out in Appendix A of the officer’s report, which aims to move forward delivery of the strategic objectives set out in the Council’s Asset Management Strategy, be approved.

2.   That funding of up to £350,000 be approved to progress the procurement and implementation of a new asset management software system, to be funded through the use of capital receipts.

3.   That funding of up to £300,000 be approved, to be funded over two financial years from the property renewals fund and through the use of bespoke commercial property reserves, to progress a programme of stock condition surveys, net-zero carbon assessments and business cases leading to delivery of a fully funded asset maintenance and decarbonisation programme.

4.   That the capital receipts policy be endorsed, as set out in the Asset Management Strategy - to reinvest capital receipts, secured through the disposals programme, into the land and property estate to fund asset maintenance, decarbonisation and investment activity.

5.   That it be noted that successful delivery of the recommendations set out in this report is dependent upon approval of the proposed reshape of the property and technical services team that is being presented to Joint Cabinet and Employment and General Committee on 19 March 2023.

6.   That authority be delegated to the Service Director – Economic Growth, in consultation with the Cabinet Member for Finance and Asset Management, to make amendments to the Asset Management Strategy Delivery Plan during the financial year 2024/25 to optimise operational effectiveness.

REASON FOR DECISIONS

To establish, for 2024/25, a detailed work programme and resources to continue the delivery of the Council’s asset management strategy that sets out the vision, asset management policies and strategic objectives to guide the overall management of the council’s land and property assets, in line with the Council’s overall vision and priorities.