Corporate Asset Management Strategy 2012-2020
Meeting: 20/11/2012 - Cabinet (Item 129)
Report of Mark Kiddle-Morris, Executive Member for Assets and Strategic Development.
The Executive Member for Assets & Strategic Development presented the report which sought Members approval to recommend to Council the adoption of the new Corporate Asset Management Strategy 2012-2020.
This Strategy would be the document by which the Council’s assets would be managed.
In response to a question as to how the document would be kept up to date, Members were informed that there was already a timetable in place which would be managed by the Corporate Asset Management Manager. Performance Indicators and Action Plans accompanied the document which would be overseen by the Portfolio Holder.
In response to a further question in relation to growth, the Executive Member for Assets & Strategic Development advised that there would be two Asset Plans that sat below this Strategy and the Strategy itself formed part of the Council’s Corporate Plan.
To adopt or not to adopt the Corporate Asset Management Strategy 2012-2020.
The Strategy was required to ensure the Council had clear strategic governance regarding its decisions specifically in terms of acquisitions and disposals of property assets.
The Strategy would provide a policy for the Council to manage its property assets over the life cycle of the asset in a consistent and cost effective manner.
Adopting the Strategy would ensure the property assets were managed to meet the corporate priorities.
RECOMMEND to Council that the new Corporate Asset Management Strategy 2012-2020 be adopted.