Decision details

RESOLVED: That a referral be made to Mayor and Cabinet recommending that:

1.  The asset management strategy should come to the Overview and Scrutiny Committee prior to its consideration by Mayor & Cabinet (at the Committee’s meeting on 6 February 2024, if timelines allow)

2.  There should be a wider consideration of the value of land - its economic value, geographical location and social value should all be key considerations in the decision-making process for the development or disposals of assets

3.  Master planning for the long-term use of the Council’s assets should take place, including combined use, creative zones and industrial units

4.  The Council should consider a wider acquisition strategy

5.  A more ambitious investment partnership strategy should be adopted

6.  All assets proposed for disposal or change of use should be highlighted to scrutiny, and ward councillors, including those below the key decision threshold of £1.5m

7.  Equalities considerations should be part of all asset management decisions, with Equalities Analysis Assessments (EAAs) carried out where required  

8.  Ongoing clarity should be provided in relation to existing and potential plans for meeting net zero ambition, including planned and necessary works, as well as secured funding and gaps.