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, Shadow Cabinet Member for Finance Cllr-Rob.Yates@thanet.gov.uk
Lead director: Tim Howes
Contact: Edwina Crowley, Head of Asset Management Tel: 01843 577075 Email: firstname.lastname@example.org.
What the decision will mean: Disposal of assets for sale and community asset transfers