The Medium Term Financial Strategy assumes ongoing cost savings in the maintenance of assets to be achieved by rationalising the asset base. In addition the capital programme requires funding from receipts generated from asset disposals. This Cabinet paper summarised progress on approved asset disposals, gave Cabinet feedback on the assets approved for disposal at June Cabinet (ie were subject to consultation) and requested permission to withdraw and asset that had been approved at June Cabinet as due diligence checks had revealed the asset was part of a lease.
Decision type: Key
Reason Key: Significant effect on communities;
Decision status: Recommendations Approved
Notice of proposed decision first published: 17/07/2017
Decision due: 25 Oct 2017 by Cabinet
Lead member: Councillor John Townend, Opposition Spokesperson for Financial Services and Estates cllr-john.townend@thanet.gov.uk
Lead director: Tim Howes
Contact: Tim Howes, Corporate Director of Governance and Monitoring Officer Tel: 01843 577007 Email: tim.howes@thanet.gov.uk.
What the decision will mean: To determine whether to dispose of property assets, subject to ward member consultation