Issue - meetings

Decision Making in respect of Council property and the role of the Property and Investment Committee

Meeting: 06/11/2019 - Cabinet (Item 2650)

2650 Decision making in respect of Council property and the role of the Property and Investment Committee pdf icon PDF 123 KB

Councillor I.T.E. Harvey

 

To consider a report on a proposal to set up a Property and Investment Committee as a Cabinet Sub-Committee.

Additional documents:

Minutes:

Cabinet considered a report on a proposal to set up a Property and Investment Committee as a Cabinet Sub-Committee.

 

The existing process of decision making has been appropriate and sufficient

for many years, but due to dramatic changes in the Council’s property portfolio over the last few years it is now apparent that it is no longer ‘fit for purpose’. Cabinet considered how decision making is structured in the future to ensure that the Council can make fully informed and transparent decisions but at a speed that is acceptable within a fast moving and commercial environment.

 

Alternative options considered, and rejected, by the Cabinet:

·         Leave arrangements as they are

 

Resolved to approve the set up and Terms of Reference of the Property and Investment Committee as a Cabinet Sub-Committee.

 

Reason for Decision

To update and streamline the decision making process for dealing with asset transactions whilst providing a clear audit trail for decisions