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  • Decision details

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

    Decision Maker: Cabinet

    Decision status: Recommendations Approved

    Is Key decision?: No

    Is subject to call in?: Yes

    Purpose:

    To consider setting up a Property and Investment Committee as a Cabinet Sub-Committee.

    Decisions:

    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

    Report author: Michael Graham

    Publication date: 07/11/2019

    Date of decision: 06/11/2019

    Decided at meeting: 06/11/2019 - Cabinet

    Effective from: 15/11/2019

    Accompanying Documents: