RESOLVED

That Cabinet:

1)    APPROVED the Property Asset Strategy and guiding principles for the future management of the Council’s assets.

2)    APPROVED the recommended future approach for primary key assets, and prioritised programme, for the development of business cases.

3)    APPROVED the establishment of a Corporate Asset Programme Project Board and associated project documents including the Project Initiation Document, Terms of Reference and Risk Log.

4)    DELEGATED authority to Strategic Director Places, in consultation with the Portfolio Holder for Property, to commission further technical advice as necessary within the project budget.

5)    APPROVED budget creating a capital programme of £565k as per appendix D funded from Capital Receipts for major works, Revenue Budget of £31k to fund the repairs required and £120k to support the business case development programme.

6)    NOTED the need to consider future delivery models for the Council’s asset and estate management as the corporate asset programme develops