The Cabinet considered the report of the Director of Built Environment on proposals for the adoption of a revised Strategic Asset Management Plan.
Decision Made:
That:
(1) the Council be recommendeed to adopt the new Strategic Asset Management Plan as set out in Appendix A of the report; and
(2) it be noted that a further report would be submitted to a future meeting of the Cabinet in relation to the adoption of a formal Asset Disposal Policy.
Reasons for Decision:
While there is no statutory requirement to adopt a Strategic Asset Management Plan, it is good practice to do so. This Plan would guide decision making on the sale or retention of assets and it was envisaged that a report seeking approval to the Councils Asset Disposal Policy would be presented to a future Cabinet meeting.
Alternative Options Considered and Rejected:
It is best practice to operate and manage property assets using a formal asset management plan. The Council could choose to select property for disposal using other criteria.