Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Resolved –
(1) That the progress of the Property Programme be noted.
(2) That the approval of the release of £2.0m of funds to allow the Essential Works to the Council’s estate as shown in Appendix 1 to Document “BS” be noted.
(3) That the Future Direction of the Programme be noted.
(4) That £500k for the demolition of Jacobs Well be approved, to be funded from reserves and business rates savings. The final decision to demolish be delegated to the Strategic Director Corporate Services in consultation with the Leader and Portfolio Holder.
(5) That the Investment Strategy as outlined in Section 6 and detailed in Appendix 2 to Document “BS” be approved, and in particular:
(i) Approve in principle, the proposal to make strategic investments in commercial property for either the purpose of economic development/regeneration within the District, or for the purpose of long term income generation to support the council’s financial pressures, or a mixture of both in line with the property investment strategy.
(ii) That delegated authority be granted to the Strategic Director of Corporate Services in consultation with the Portfolio Holder and Leader to make investment acquisitions, on the basis that they are in line with the Investment Strategy.
(6) That in order to build flexibility into the scheme, the Executive continue to grant the Strategic Director of Corporate Services, in consultation with the Portfolio Holder, powers to make alterations to the programme on the basis that the total spend is below the amount authorised and the work is in line with the objectives of the programme.
ACTION: Director of Corporate Services
(Stephanie Moore - 01274 432256)
Overview and Scrutiny Committee: Corporate
Publication date: 05/04/2017
Date of decision: 04/04/2017
Decided at meeting: 04/04/2017 - Executive
Accompanying Documents: