Decision details

The Committee resolved to:

1.     Consider and agree the principle of Asset Rationalisation as set out in the report and to recommend this to Council,

2.     Approve the commencement of the procurement of a specialist advisor through an appropriate framework,

3.     Delegate authority to the Section 151 Officer and Group Head of Assets, in consultation with the Leader and the Deputy Leader, the Chairs of the Commercial Assets Sub-Committee and the Business, Infrastructure and Growth Committee, to appoint the preferred bidder from the above procurement to assist in the implementation of an Asset Rationalisation Strategy; and

4.     Delegate authority to the Group Head Corporate Governance to enter into a contract with the proposed advisors.