Issue details

Asset Management

As outlined in the Strategic Asset Management Plan (SAMP) 2017 – 2021, the corporate portfolio is under review to ensure that the Council only retains assets that support corporate priorities and deliver value for money.

 

This report identifies assets that:

? Are held on the investment portfolio but do not produce a good return of income;

? Are aging property on the investment portfolio that require repair and capital investment but, should this be completed, it will not improve the return on income;

? Are held on the investment portfolio but have been identified as a community asset transfer. Cabinet are asked to consider each asset and make a decision on the recommended way forward.

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 11/09/2019

Decision due: 16 Dec 2019 by Cabinet

Lead member: Councillor Rob Yates, Cabinet Member for Finance and Governance Cllr-Rob.Yates@thanet.gov.uk

Lead director: Tim Howes

Contact: Edwina Crowley, Head of Asset Management Tel: 01843 577075 Email: edwina.crowley@thanet.gov.uk.

What the decision will mean: Disposal of assets for sale and community asset transfers

Decisions

Agenda items

Documents

  • Cabinet report