Agenda and draft minutes

To Receive any apologies for absence.

The Chair welcomed all present to the meeting and asked everyone to introduce themselves.

Apologies were received from Councillor P. Riley.

To Receive any Declarations of Interest in Items on the Agenda

No declarations of interest were received.

The minutes of the meeting held on 15^th July 2024 were approved as a correct record and signed by the Chair.

Reports/Presentation to follow

The Committee received a presentation from officers on the Strategic Asset Management Plan.  It was explained that the Plan was in line with the Corporate Plan for 2023/2026 and the presentation gave an overview of the pertinent points within the Plan along with a summary of key points.

The presentation included information on the council’s Land and Property Assets, the Strategic Asset Management Plan, the Investment Estate and Asset Disposals, the Asset Work Programme and a summary of the Asset Review, Phase 1.

Members were particularly interested in the five strategic objectives in the Strategic Asset Management Plan (SAMP) and asked questions in relation to these objectives.  The SAMP was a three-year Strategy which had been approved by the Executive Board in March 2023.  The Asset Management Group had been reset to review progress with the SAMP with an overview provided by the Corporate Assurance Board.

There were also discussions about the disposal/demolition of some specific sites; recent housing developments; support for businesses; investment estate and the management and monitoring of assets and officers responded to questions on these topics.

The Committee also discussed the 10 key recommendations in the SAMP and issues around surplus assets and disposals (the process for identifying these).

65 assets of interest had been identified in the Asset Review (Phase 1) 12 interventions had been identified and the top 6 had been agreed at the Council Finance meeting in February 2024.  The Committee received updates on some of these sites.

The Chair thanked the officers for their attendance.

RESOLVED

That the update be noted.