Agenda item

The Assistant Director for Policy and Partnerships confirmed that staff changes had been effected to complete the new property management structure as agreed by Members, except for the post of special responsibility for giving independent advice to the team which remained to be filled.

In agreement with the Chair of the Authority and the Chair of Audit, Resources and Performance committee, financial targets for the property portfolio would be brought to Members at the meeting of Audit, Resources and Performance committee on 3 March 2015. The Asset Management Review Action Plan was in place and being progressed as shown in paragraphs 16 to 25 of the report.

Cllr A Favell is a member of the Integrated Property Board in his capacity as Member Representative for Asset Management.

The recommendations were moved, seconded, voted upon and carried.

RESOLVED:

That:

1.    The update on the overall progress of the work of the Integrated Property Board, and the specific progress against implementing the Asset Management Review, be received.

2.    A report on the financial performance of the property portfolio for 2015-16 be presented to the Audit, Resources and Performance committee on 3 March 2015, and annually thereafter.

3.    The Asset Management Review Action Plan be amended to allow the Authority to still acquire property but only as part of a rolling programme of acquisition and disposal to achieve its purposes, and where there is a proven business case.