Issue - meetings

Councillor Harvey

To consider the adoption of property investment strategic parameters.

Cabinet considered a report seeking approval of Property Investment Strategic Parameters.

The proposed Property Investment Strategic Parameters outlined:

a.    The purposes for which the Council invests in property acquisitions, and

b.    The conditions which must be met for investing for revenue generation and/or social investment purposes.

Alternative options considered and rejected by the Cabinet:

·         to continue to make investment decisions without any specified parameters

Resolved: Cabinet approved the Property Investment Strategic Parameters.

Reason for Decision

This document enables the Council to be transparent about the reasons why the Council invests in property acquisitions, and the conditions which must be met for investing for revenue generation and/or social investment purposes.