Issue - meetings

To note the proposed Asset Management Plan for the period 2020 to 2025 which is to be considered by Cabinet at its meeting on 23 September 2020.

The Group Head for Regeneration and Growth, Mrs Heather Morgan, presented the report on the Asset Management Plan (AMP) which set out how the Council will support delivery of the its Capital Strategy. The AMP covers the Council’s three portfolio areas for investment, regeneration including developments, and municipal assets. It explains how those assets will be managed, how the Council will mitigate risks, and actions we will take to make best use of the assets.

Mrs Morgan explained that the Plan had been amended to acknowledge that work to address the implications of COVID-19 was embedded within the work of the Assets team and that reference had been included to addressing the impact of climate change.

She confirmed that Overview and Scrutiny Committee may be involved in the review of the monitoring and resourcing processes contained in Appendices 5-8 of the AMP.

The Capital Strategy looks at the future direction for asset management and this is due to be reviewed early in 2021. The Group Head for Regeneration and Growth responded to questions from members and confirmed that the following issues would be addressed in the review of the Capital Strategy:

·         The possibility of a Unitary Authority

·         Future plans for green spaces that the Council owns

·         O&S will have an opportunity to feed into the review

The Chief Finance Officer agreed to a request that the Committee be provided with an update on options around affordable housing on Knowle Green Estates (KGE) developments and the transfer value/mechanism for transferring completed developments from Spelthorne Borough Council to KGE.

Resolved to:

1.    note the Asset Management Plan; and

2.    include a future item on the work programme on the performance, development monitoring and resourcing requirements for asset management.

Councillor J. Boughtflower

To consider approval of the Asset Management Plan for 2020 – 2025.

Cabinet considered the Asset Management Plan (AMP) which sets out how the Council will support the delivery of its Capital Strategy which was approved by Council in February 2020.  The Asset Management Plan was written prior to COVID-19 and subsequently amended to include an opening paragraph regarding this.

The purpose of the Plan is to ensure that the property assets owned by the Council are used, developed, fit for purpose and managed effectively thus representing value for money for the Council’s residents. 

Alternative options considered and rejected:

Not to approve the AMP –  this would result in the Council not being in a position to clearly set out and define its intentions on how it will be managing its assets or development programme.

Resolved to:

1.    Approve the Asset Management Plan (AMP) for the period 2020 to 2025; and

2.    Delegate authority for any annual updates which may be required (excluding any substantive changes in approach) to the Group Head for Regeneration and Growth in consultation with the Deputy Leader who has responsibility for Asset Management.

Reason for Decision

The Asset Management Plan will minimise long term risk and help sustain the local economy and ensure continued and effective delivery of Council services.

This Item has been withdrawn.

This item was withdrawn prior to the meeting.