Decision Maker: Cabinet

Outcome: Decision approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 18, 2025

Purpose: A long-term and evolving reference and guidance document to enable transparency and consistency of decision making

Content: Decision   For the reasons set out in the report and its appendices Cabinet RESOLVED to Agree:   i)  To implement the asset strategy as set out in this report. ii)  To note the asset review criteria to be used when assessing assets and making subsequent recommendations, as outlined in paragraph 4.4. iii)  To note that if a recommendation is made following an asset review to invest to improve it, this will then follow the Council’s established governance procedures for new expenditure. iv)  To delegate authority to the Corporate Director of Resources, in consultation with the Lead Member for Finance and Resources, to dispose of commercial assets, as outlined in paragraphs 5.10 to 5.16, (by way of a sale or grant of a new lease); that do not meet the asset review criteria set out in paragraphs 4.3 to 4.5. v)  To reduce maintenance and facilities management-related expenditure on Council assets by 10%, through efficiency savings and disposals, as set out in paragraphs 5.3 to 5.7. vi)  To establish the future requirements for the provision of schools and to identify buildings that could be repurposed for alternative uses.   Alternatives Considered   a)  To implement the asset strategy as set out in this report. b)  To note the asset review criteria to be used when assessing assets and making subsequent recommendations, as outlined in paragraph 4.4. c)  To note that if a recommendation is made following an asset review to invest to improve it, this will then follow the Council’s established governance procedures for new expenditure. d)  To delegate authority to the Corporate Director of Resources, in consultation with the Lead Member for Finance and Resources, to dispose of commercial assets, as outlined in paragraphs 5.10 to 5.16, (by way of a sale or grant of a new lease); that do not meet the asset review criteria set out in paragraphs 4.3 to 4.5. e)  To reduce maintenance and facilities management-related expenditure on Council assets by 10%, through efficiency savings and disposals, as set out in paragraphs 5.3 to 5.7. f)  To establish the future requirements for the provision of schools and to identify buildings that could be repurposed for alternative uses.