Purpose

To review the Capital Strategy, the Treasury Management
Strategy and the Asset Management Investment Strategy and make
recommendations to Council as appropriate.

Content

The Executive RECOMMEND that the
Council approves:
 

      
I.         
The five-year Capital Strategy for 2024/2029, incorporating the
Treasury Management Strategy, Prudential Indicators and Asset
Investment Strategy, for approval.

    
II.         
That Full Council delegate authority to the Executive for the
financial year 2024/25, subject to a positive recommendation from
the Asset Investment Advisory Board and agreement from the Chief
Executive and Strategic Director:
a) to bid,
negotiate and complete on property acquisitions and investments in
land and buildings with a total individual cost of up to
£10m, subject to the decision fully satisfying all criteria
and process requirements set out in this Strategy; and
b) to determine a
funding strategy for the acquisition or investment in line with the
Treasury Management Strategy; and
c) to appoint
advisors and undertake appropriate due diligence for each property
acquisition and investment proposal as necessary; and
d) to complete the
legal matters and signing of contracts to execute the transactions
referred to above.